4 | 3 | | |
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5 | 4 | | |
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6 | 5 | | A BILL TO BE ENTITLED |
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7 | 6 | | AN ACT |
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8 | 7 | | relating to the regulation of transportation protection |
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9 | 8 | | agreements. |
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10 | 9 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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11 | 10 | | SECTION 1. Section 154.002, Finance Code, is amended by |
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12 | 11 | | amending Subdivisions (9) and (13) and adding Subdivision (15) to |
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13 | 12 | | read as follows: |
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14 | 13 | | (9) "Prepaid funeral benefits" means prearranged or |
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15 | 14 | | prepaid funeral or cemetery services or funeral merchandise, |
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16 | 15 | | including an alternative container, casket, or outer burial |
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17 | 16 | | container. The term does not include: |
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18 | 17 | | (A) a grave, marker, monument, tombstone, crypt, |
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19 | 18 | | niche, plot, or lawn crypt unless it is sold in contemplation of |
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20 | 19 | | trade for a funeral service or funeral merchandise to which this |
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21 | 20 | | chapter applies; or |
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22 | 21 | | (B) a transportation protection agreement. |
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23 | 22 | | (13) "Funeral service" or "service": |
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24 | 23 | | (A) means a service sold or offered for sale on a |
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25 | 24 | | preneed basis that may be used to: |
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26 | 25 | | (i) [(A)] care for and prepare a deceased |
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27 | 26 | | human body for burial, cremation, or other final disposition; and |
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28 | 27 | | (ii) [(B)] arrange, supervise, or conduct a |
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29 | 28 | | funeral ceremony or the final disposition of a deceased human body; |
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30 | 29 | | and |
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31 | 30 | | (B) does not include a service provided under a |
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32 | 31 | | transportation protection agreement. |
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33 | 32 | | (15) "Transportation protection agreement" has the |
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34 | 33 | | meaning assigned by Section 101.056, Insurance Code. |
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35 | 34 | | SECTION 2. Subchapter B, Chapter 101, Insurance Code, is |
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36 | 35 | | amended by adding Section 101.056 to read as follows: |
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37 | 36 | | Sec. 101.056. TRANSPORTATION PROTECTION AGREEMENTS; |
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38 | 37 | | EXEMPTION FROM INSURANCE LAW. (a) In this section: |
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39 | 38 | | (1) "Seller" has the meaning assigned by Section |
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40 | 39 | | 154.002, Finance Code. |
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41 | 40 | | (2) "Transportation protection agreement" means an |
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