Sec. 885.206. CONTINUANCE OF CONTRACTS FOLLOWING REVOCATION OF CERTIFICATE OF AUTHORITY. This subchapter may not be construed to prevent a foreign fraternal benefit society that has had its certificate of authority refused under former Article 10.23, Insurance Code, or a predecessor to that statute, or that has had its certificate of authority revoked, from continuing in good faith each contract made in this state during the time the society was authorized to engage in business in this state.
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