(a)
- (1) At least seventy-five percent (75%) of the receipts of each association must be allocated to the mortuary fund, and, when so allocated can be used for no purpose other than to meet its losses.
- (2) The associations may invest any portion of such seventy-five percent (75%) of the collections not needed for the immediate payment of benefits, or not needed for the reasonable anticipated payment of benefits.
- (b) At least seventy-five percent (75%) of all interest derived from investments of burial association funds must be allocated to the mortuary fund and cannot be used for the payment of operating expenses.