Sec. 888.102. PAYMENT INSTEAD OF MERCHANDISE OR SERVICES. (a) If a burial association that issues an insurance certificate fails or refuses to provide the merchandise or services specified by the certificate, the association shall pay the benefit in cash.
(b) If a burial association that issues an insurance certificate is not given the opportunity to provide the merchandise or services specified by the certificate, instead of the specified merchandise or services, the association shall pay the greater of:
(1) the total amount paid into its mortuary fund to the credit of that certificate's account; or
(2) the percentage of the certificate's face value specified by the certificate.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Section: Previous 888.003 888.004 888.005 888.006 888.051 888.052 888.101 888.102 888.103 888.151 888.152 888.153 888.154 888.155 888.156 NextLast modified: September 28, 2016