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 MembersRepresentingOriginal Appointment DateEnd of Term
Charles G. Cooper, Chair of Advisory CouncilDepartment of Banking No Expiration
J. Kyle WilliamsIndustry Representative - Trust Funded01/01/202312/31/2026
Ray BooneConsumer Representative01/01/202412/31/2027
Jerie OlsonIndustry Representative - Insurance Funded01/01/202612/31/2027
Investment OfficerRepresentingEnd of Term
Jesse Saucillo, Non-Depository SupervisionDepartment of BankingNo Expiration

Next Meeting

  • TBD

Meetings

 
DateAgendaMinutesAudio
June 1, 2026Agenda PendingAudio
June 4, 2025Agenda MinutesAudio
May 21, 2024Agenda MinutesAudio
May 23, 2023Agenda MinutesAudio
May 26, 2022AgendaMinutes
 		Audio
May 26, 2021AgendaMinutesAudio
May 27, 2020AgendaMinutesAudio
November 13, 2019AgendaMinutesAudio
May 9, 2019AgendaMinutesAudio
May 17, 2018AgendaMinutesAudio
November 9, 2017AgendaMinutesAudio
May 18, 2017AgendaMinutesAudio
May 12, 2016AgendaMinutesAudio
May 14, 2015AgendaMinutesAudio