(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.

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