Minutes: Prepaid Funeral Guaranty Fund Advisory Council - May 14, 2015, 2:00 p.m.

With a quorum present, Commissioner Cooper convened the meeting of the Texas Prepaid Funeral Guaranty Fund Advisory Council at 2:00 p.m. on Thursday, May 14, 2015, with the following members present: Sandy Booth, Consumer Representative, Tom Elam, Insurance Industry Representative, Wallace Jones, Trust Industry Representative, and Charles G. Cooper, Chair and Banking Commissioner, Texas Department of Banking.  (.35 on audio file)

AGENDA ITEM ACTION LOCATION ON AUDIO FILE

A. Discussion of and Possible Vote to Approve Minutes of the May 14, 2014 Prepaid Funeral Guaranty Fund Advisory Council Meeting

Tom Elam made a motion to approve the minutes of the May 14, 2014 Prepaid Funeral Guaranty Fund Advisory Council meeting. Sandy Booth seconded and the motion passed.

.44
Start of discussion

1.01
Vote

B. Discussion of and Possible Vote to Approve the Activity of the Funds and the Investment Officer Reports for the Period March 1, 2014 to February 28, 2015

Sandy Booth made a motion to approve the activity of the Funds and the Investment Officer Reports for the period March 1, 2014 to February 28, 2015. Tom Elam seconded and the motion passed.

1.17
Start of discussion

15.25
Vote

C. Discussion of and Possible Vote to Approve Claims Related to Tom G. Walker Funeral Home, Inc., Coleman, TX

Tom Elam made a motion to approve the claims related to Tom G. Walker Funeral Home, Inc., Coleman, TX.  Sandy Booth seconded and the motion passed.

15.47
Start of discussion

25.46
Vote

D. Discussion of and Possible Vote to Approve a Claim Related to Washington Memorial Funeral Home, Inc., Dallas, TX

Wallace Jones made a motion to approve the claim related to Washington Memorial Funeral Home, Inc., Dallas, TX. Tom Elam seconded and the motion passed.

26.05
Start of discussion

30.23
Vote

E. Discussion of and Possible Vote to Approve a Claim Related to Pruitt’s Mortuary, Inc., Houston, TX

Tom Elam made a motion to approve the claim related to Pruitt’s Mortuary, Inc., Houston, TX.  Sandy Booth seconded and the motion passed.

30.38
Start of discussion

34.42
Vote

F. Discussion of and Possible Vote to Approve Revised Administrative Memorandum 2016

Tom Elam made a motion to approve revised Administrative Memorandum 2016.  Sandy Booth seconded and the motion passed.

34.52
Start of discussion

40.55
Vote

G. Discussion of Collection Efforts

No Action Required

43.07

H. Discussion of Future Meeting Dates

No Action Required

59.00