Sec. 888.157. CONTINUATION OF FORMER RATES. (a) A burial association that had rates adopted and in use before June 12, 1947, may continue to apply those rates to individuals who were members of the burial association on that date.
(b) With the department's approval, the burial association may:
(1) change the rates described by Subsection (a); and
(2) make the new rates correspond to the rate schedule most recently filed by the burial association with the department.
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 888 - Burial Associations
Subchapter D. Rates for Burial Associations
Section 888.151. Data Collection Related to Rates
Section 888.152. Adoption of Rate Schedule
Section 888.154. Contracts With Experts and Consultants
Section 888.155. Retention of Burial Association's Initial Rate Schedule
Section 888.156. Change of Rates by Burial Association
Section 888.157. Continuation of Former Rates
Section 888.158. Failure to Comply With Commissioner Rate Orders