Texas Finance Code - Section 154.151. Form Of Contract
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§ 154.151. FORM OF CONTRACT. (a) The department must
approve a sales contract form for prepaid funeral benefits before
the form is used.
(b) A sales contract for prepaid funeral benefits must:
(1) be in writing;
(2) state the name of the funeral provider or other
person primarily responsible for providing the prepaid funeral
benefits specified in the contract; and
(3) state the details of the prepaid funeral benefits
to be provided, including a description and specifications of the
material used in the caskets or grave vaults to be furnished.
(c) A funeral provider designated in the contract to provide
prepaid funeral benefits that are not sold by the funeral provider
must:
(1) be a party to the contract; and
(2) agree in the contract to provide those benefits.
(d) A sales contract for prepaid funeral benefits, whether
in English or Spanish, must be written in plain language designed to
be easily understood by the average consumer. The contract must be
printed in an easily readable font and type size. The department
shall provide model contracts complying with this subsection and
shall enforce this subsection.
(e) The Finance Commission of Texas by rule shall establish
a standard disclosure that must be included in each contract to
inform purchasers of the goods and services that will be provided or
excluded under the contract and the circumstances under which the
contract may be modified after death of the beneficiary.
Acts 1997, 75th Leg., ch. 1008, § 1, eff. Sept. 1, 1997. Amended
by Acts 2001, 77th Leg., ch. 699, § 6, eff. Sept. 1, 2001.
Section: 154.105 154.106 154.107 154.108 154.109 154.110 154.111 154.151 154.152 154.153 154.154 154.155 154.1551 154.156 154.157
Last modified: August 10, 2007
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