Sec. 885.408. RESERVES FOR ACCIDENT AND HEALTH INSURANCE. (a) A fraternal benefit society shall establish reserves for the types of coverage specified by Sections 885.301(a)(4) and (5) in the same manner and to the same extent as required for a company organized under Chapter 841.
(b) Sections 425.203-425.228 apply to reserve investments for a domestic fraternal benefit society.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 2E.096, eff. April 1, 2009.
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 I. Regulation of Fraternal Benefit Societies
Section 885.401. Annual Report
Section 885.402. Reports of Certain Grand Lodges
Section 885.403. Valuation of Benefit Certificates
Section 885.404. Mortality Tables; Interest Rates
Section 885.405. Valuation of and Separate Fund for Disability Benefits
Section 885.406. Publication of Valuation and Condition
Section 885.408. Reserves for Accident and Health Insurance
Section 885.409. Reporting of Reserves
Section 885.410. Examination of Domestic Fraternal Benefit Societies
Section 885.411. Examination of Foreign Fraternal Benefit Societies