Section 887.354 - Division of Funds: Accident and Health Insurance Certificates and Certain Life Insurance Certificates(a) This section applies to:(1) a life insurance certificate in force on December 31, 1965, to which Section 887.353 does not apply; and(2) an accident, health, or hospitalization insurance certificate.(b) An association shall deposit in a mortuary fund an amount equal to at least 60 percent of the association's assessments, not including membership fees.(c) An association shall deposit in an expense fund:(2) the remaining portion of the assessments not deposited under Subsection (b).(d) This section does not apply to an association operating on an assessment-as-needed basis.Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. 6/1/2003.