LRL Home - Legislation - Legislative archive system - Direct search - Search results
HB 1112, 63rd R.S.
Providing that purchasers of contracts of prepaid funeral benefits shall constitute a lawful group for issuance of group contract of decreasing term life insurance by a life insurance company authorized to do business in the State of Texas; providing that the amount of insurance relative to any particular purchaser of such contract shall at all times approximate the future unpaid balance thereof; providing that the seller shall have an insurable interest in the life of any purchase of such contract to the extent of any unpaid balance thereof; providing that the proceeds of any insurance policy on the life of a purchaser of such contract shall be applied to the reduction or elimination of any unpaid balance thereof; providing for severability; providing that all laws or parts of law which are in conflict with this Act are repealed or modified to the extent of such conflict only.
Last action: Laid on the table subject to call
Author: Bill Hilliard
FUNERALS & FUNERAL DIRECTORS
Insurance--Life & Annuities
House Committee: Insurance ()
March 20 1973
The Legislative Archive System is a work in progress. Complete information is not available for all bills and all sessions. Visit the Legislative Archive System status page for details. Please contact the Legislative Reference Library at 512-463-1252 if you have any questions.
Information on this website is provided as a public service by the Legislative Reference Library. The Legislative Reference Library makes no representation as to its completeness or accuracy and makes no warranty in regard to its use. Users assume all risk of reliance on the information included on this site.