Section 154.204 - Conversion From Trust-Funded Prepaid Funeral Benefits(a) The department must approve a conversion from trust-funded prepaid funeral benefits to insurance-funded prepaid funeral benefits as safeguarding the rights and interests of the individual who purchases the prepaid funeral benefits contract.(b) Each contract holder shall be notified in writing of:(1) the terms of the proposed conversion; and(2) the holder's right to decline the conversion.(c) An application for approval of a conversion from trust-funded prepaid funeral benefits to insurance-funded prepaid funeral benefits must be:(1) filed with the department on forms prescribed by the department; and(2) accompanied by a conversion application fee set by the department under Section 154.051. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.