Tex. Finance Code § 154.207
This is the official text of Tex. Finance Code § 154.207, part of Texas’s Finance Code — regulates banks and other financial institutions.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
§ 154.207. RECEIPT OF BENEFITS PAYABLE UNDER POLICY.
Official statutory text
(a) A seller or funeral provider that has been assigned the benefits payable under an insurance policy funding prepaid funeral benefits may not receive payment of the benefits until:
(1) the beneficiary named in the contract dies;
(2) the funeral service is completed;
(3) the funeral provider has completed the provider's obligations under Section 154.161(a) with respect to the contract; and
(4) the insurance company is presented with:
(A) certification from the funeral provider attesting to matters required by Subdivisions (2) and (3); and
(B) other documents as required by the insurance company to process and pay the claim.
(b) The seller shall maintain copies of the documentation submitted to the insurance company and a copy of the death certificate for examination by the department.
(1) the beneficiary named in the contract dies;
(2) the funeral service is completed;
(3) the funeral provider has completed the provider's obligations under Section 154.161(a) with respect to the contract; and
(4) the insurance company is presented with:
(A) certification from the funeral provider attesting to matters required by Subdivisions (2) and (3); and
(B) other documents as required by the insurance company to process and pay the claim.
(b) The seller shall maintain copies of the documentation submitted to the insurance company and a copy of the death certificate for examination by the department.
Status: in_force · Read it on the official government site
Need a lawyer in Texas?
Find a Texas lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.