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 | 12/31/2019 |
| Amy Biggs | Industry Representative - Insurance Funded | 1/1/2018 | 12/31/2019 |
| Investment Officer | Representing | End of Term |
|---|---|---|
| Stephanie S. Newberg, Deputy Commissioner | Department of Banking | No Expiration |
Next Meeting
- Date: May 14, 2020 at 1:00 p.m.
- Location:
Texas Department of Banking
2601 North Lamar
Third Floor
Austin, Texas 78705
Meetings
| Date | Agenda | Minutes | Audio |
|---|---|---|---|
| May 9, 2019 | Agenda | Minutes (pending approval) |
Audio (pending approval) |
| 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 |
| May 14, 2014 | Agenda | Minutes |