Sec. 887.407. NONAPPLICABILITY TO ASSESSMENT-AS-NEEDED ASSOCIATIONS. This subchapter does not apply to an association operating on an assessment-as-needed basis.
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 887 - Provisions Applicable to Certain Mutual Assessment Companies
Section 887.401. Reserves on Individual Life Insurance Certificates
Section 887.402. Reserves on Family Group Life Insurance Certificates
Section 887.403. Issue Year and Issue Age in Certain Insurance Certificates
Section 887.404. Reserves on Accident, Health, and Hospitalization Insurance Certificates
Section 887.405. Computation of Reserve Liability
Section 887.406. Increase of Reserves
Section 887.407. Nonapplicability to Assessment-as-Needed Associations