Guaranty Fund Advisory Council (GFAC)
By statute, the Department maintains funds to guarantee performance by sellers of trust-funded and insurance-funded prepaid funeral benefits contracts. The Guaranty Fund Advisory Council is charged with supervising the operation and maintenance of these prepaid funeral benefit contract funds. Provisions governing the Advisory Council and the Guaranty Fund are outlined in Chapter 154, subchapter H of the Texas Finance Code. Advisory Council member information, future meeting details and prior meetings minutes and agendas are available below.
Members
| Council Members | Representing | Original Appointment Date | End of Term |
|---|---|---|---|
| Charles G. Cooper, Chair of Advisory Council | Department of Banking | No Expiration | |
| Wallace Jones | Industry Representative - Trust Funded | 1/1/2015 | 12/31/2020 |
| Rebecca Ann Motley | Consumer Representative | 1/1/2016 | 12/31/2021 |
| Amy Biggs | Industry Representative - Insurance Funded | 1/1/2018 | 12/31/2021 |
| Investment Officer | Representing | End of Term |
|---|---|---|
| Jesse Saucillo, Non-Depository Supervision | Department of Banking | No Expiration |
Next Meeting
- Date: TBD
- Location:
Via Teleconference Only
Dial-in #: 1-877-226-9790
Access Code: 8955921#
Security Code: 052720# - AgendaTBD
Meetings
| Date | Agenda | Minutes | Audio |
|---|---|---|---|
| May 27, 2020 | Agenda | Minutes (pending approval) |
Audio (pending approval) |
| November 13, 2019 | Agenda | Minutes | Audio |
| May 9, 2019 | Agenda | Minutes | Audio |
| May 17, 2018 | Agenda | Minutes | Audio |
| November 9, 2017 | Agenda | Minutes | Audio |
| May 18, 2017 | Agenda | Minutes | Audio |
| May 12, 2016 | Agenda | Minutes | Audio |
| May 14, 2015 | Agenda | Minutes | Audio |