Sec. 885.160. ISSUANCE OF CERTIFICATE OF AUTHORITY. (a) The department may make an examination and require information in addition to that required by Section 885.158(b) that the department considers advisable. On presentation of satisfactory evidence that a fraternal benefit society has complied with all provisions of law, the department shall issue to the society a certificate of authority.
(b) The certificate of authority issued is prima facie evidence of the qualification of the fraternal benefit society as of the date of the certificate.
(c) The department shall make a record of a certificate of authority issued under Subsection (a). A certified copy or duplicate of the department's record shall be accepted in evidence with the same effect as the original certificate.
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