(a) A seller shall designate one or more agents by name or title.
(b) The seller shall notify the department of:
(1) the designation not later than the 10th day after the date the seller becomes subject to this chapter; and
(2) any change in the designation not later than the 10th day after the date of the change.
(c) An agent designated under this section is:
(1) considered a fiduciary for purposes of Section 32.45, Penal Code; and
(2) responsible for the deposit of money collected under prepaid funeral benefits contracts.
Official text of the Texas Finance Code as published by the Texas Legislative Council.