| (a) Valid permit. A permit issued by the department
to sell prepaid funeral benefits remains in effect until it is revoked
by the department or surrendered by the permit holder.
(b) Date of filing. Each permit holder with outstanding
prepaid funeral benefit contracts must file an annual report with
the department by March 1 of each year for the preceding calendar
year.
(c) Contents of filing. The Annual Report filing must
be sworn to by an authorized agent or corporate officer of the permit
holder before a notary and must provide:
(1) the name and permit number of the permit holder;
(2) a contact name and contact information for the
permit holder;
(3) a recapitulation of the prepaid funeral benefits
contract activity for the preceding calendar year, including beginning
balances, additions, deletions, adjustments, and ending balances;
(4) a copy of the permit holder's in-force policy run
or control ledger as of December 31 that substantiates the ending
balances;
(5) an explanation for any material variances between
the ending balances in the recapitulation described in subsection
(c)(3) of this section, and those in the in-force policy run or control
ledger described in subsection (c)(4) of this section;
(6) a sworn affidavit completed and signed by the insurance
company or depository institution attesting to the permit holder's
holdings, balances, or accounts as of December 31; and
(7) the Guaranty Fund assessment, if applicable.
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| Source Note: The provisions of this §25.13 adopted to be effective March 11, 2010, 35 TexReg 1952; amended to be effective September 8, 2019, 44 TexReg 4708; amended to be effective May 7, 2020, 45 TexReg 2829 |
