- (a) A seller shall designate one or more agents by name or title.
(b) The seller shall notify the department of:
- (1) the designation not later than the 10th day after the date the seller becomes subject to this chapter; and
- (2) any change in the designation not later than the 10th day after the date of the change.
(c) An agent designated under this section is:
- (1) considered a fiduciary for purposes of Section 32.45, Penal Code; and
- (2) responsible for the deposit of money collected under prepaid funeral benefits contracts.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Acts 2009, 81st Leg., R.S., Ch. 1190 (H.B. 3762), Sec. 13, eff. September 1, 2009.