(a) Occupations Code §651.159, concerning Memorandum of Understanding: Prepaid Funeral Services, mandates the Texas Department of Insurance, the Texas Funeral Service Commission, and the Texas Department of Banking to adopt by rule a joint memorandum of understanding relating to prepaid funeral services and transactions that:(1) outlines the responsibilities of each agency in regulating these services and transactions;(2) establishes procedures to be used by each agency in referring complaints to one of the other agencies;(3) establishes procedures to be used by each agency in investigating complaints;(4) establishes procedures to be used by each agency in notifying the other agencies of a complaint or of the investigation of a complaint;(5) describes actions the agencies regard as deceptive trade practices;(6) specifies the information the agencies provide consumers and when that information is to be provided; and(7) sets the administrative penalties each agency imposes for violations.(b) Any revisions to the joint memorandum of understanding will be adopted by rule by each agency.(c) The joint memorandum of understanding entered into by the three agencies is found at §4.1202 of this title (relating to Joint Memorandum of Understanding).