Texas: Noninsurers Can Sell Prepaid Funeral Plans

Texas insurers cannot sell prepaid funeral benefits, but other companies can, officials say.

The enactment of Texas H.B. 3762 has created a new law that forbids Lone Star State insurers from selling prepaid funeral benefits, Texas Insurance Commissioner Michael Geeslin writes in Texas Commissioner’s Bulletin Number B-0013-10.

But Texas insurance laws “do not extend to non insurance holding companies affiliated with insurance companies or entities engaged in the business of insurance,” Geeslin writes.