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.


Council Members Representing Original Appointment Date End of Term
Charles G. Cooper, Chair of Advisory Council Department of Banking   No Expiration
J. Kyle Williams Industry Representative - Trust Funded 1/1/2023 12/31/2024
Ray Boone Consumer Representative 1/1/2024 12/31/2025
Amy Biggs Industry Representative - Insurance Funded 1/1/2018 12/31/2025
Investment Officer Representing End of Term
Jesse Saucillo, Non-Depository Supervision Department of Banking No Expiration

Next Meeting

  • TBD


Date Agenda Minutes Audio
May 21, 2024 Agenda  Pending approval Audio
May 23, 2023 Agenda  Minutes Audio
May 26, 2022 Agenda Minutes
May 26, 2021 Agenda Minutes Audio
May 27, 2020 Agenda Minutes Audio
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