Sec. 887.154. MEMBERSHIP RECORDS. An association shall keep:
(1) a complete and correct roster of the association's members, with proper statistical records for determining by age or some other method the proper cost of insurance;
(2) accurate records of classes of memberships; and
(3) records of amounts of assessments paid by each member and by each class that show:
(A) how the funds are distributed between mortuary and expense funds for each class; and
(B) the amounts paid out of the funds of the whole membership or each class in death claims or other benefits.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Structure Texas Statutes
Title 6 - Organization of Insurers and Related Entities
Subtitle E - Mutual and Fraternal Companies and Related Entities
Chapter 887 - Provisions Applicable to Certain Mutual Assessment Companies
Section 887.151. Classes of Members
Section 887.152. Qualifying Membership in Association
Section 887.153. Voting Rights of Members
Section 887.154. Membership Records
Section 887.155. Transfer of Membership or Merger of Classes