Sec. 885.153. FILING OF ARTICLES OF INCORPORATION OR ASSOCIATION. A corporation, society, order, or voluntary association eligible under Section 885.152 may qualify as a fraternal benefit society by filing with the department:
(1) certified articles of incorporation or association that set out:
(A) the name of the society;
(B) the purpose for which the society is formed; and
(C) the manner in which the society's corporate powers are to be exercised;
(2) certified copies of the fraternal benefit society's laws and rules;
(3) copies of all proposed forms of benefit certificates, applications for benefit certificates, and circulars to be issued by the society;
(4) a surety bond as required by Section 885.156; and
(5) additional information that the commissioner considers necessary.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Structure Texas Statutes
Title 6 - Organization of Insurers and Related Entities
Subtitle E - Mutual and Fraternal Companies and Related Entities
Chapter 885 - Fraternal Benefit Societies
Subchapter D. Authority to Engage in Business
Section 885.152. Eligibility to Provide Benefits
Section 885.153. Filing of Articles of Incorporation or Association
Section 885.154. Name of Fraternal Benefit Society
Section 885.155. Purposes of Fraternal Benefit Society
Section 885.157. Issuance of Preliminary Certificate of Authority
Section 885.158. Powers and Duties Under Preliminary Certificate of Authority; Qualification
Section 885.159. Termination of Authority Under Preliminary Certificate of Authority