Sec. 885.203. REFUSAL TO ISSUE CERTIFICATE OF AUTHORITY TO FOREIGN FRATERNAL BENEFIT SOCIETY. (a) If the commissioner refuses to issue a certificate of authority to a foreign fraternal benefit society under Section 885.202, the commissioner shall:
(1) make the refusal in writing;
(2) file the refusal in the department's office; and
(3) on request, provide a copy of the refusal and a statement of the commissioner's reasons for the refusal to the society's officers.
(b) The commissioner's refusal to issue a certificate of authority to a foreign fraternal benefit society for authority to engage in business in this state is reviewable by proper proceedings in a state court.
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 E. Foreign Fraternal Benefit Societies
Section 885.201. Certificate of Authority Required
Section 885.202. Admission of Foreign Fraternal Benefit Society
Section 885.203. Refusal to Issue Certificate of Authority to Foreign Fraternal Benefit Society
Section 885.205. Revocation of Foreign Fraternal Benefit Society's Certificate of Authority
Section 885.206. Continuance of Contracts Following Revocation of Certificate of Authority