Texas Statutes
Title 6 - Organization of Insurers and Related Entities
Subtitle E - Mutual and Fraternal Companies and Related Entities

Section 881.056. Issuance of Certificate or Policy to Separate Groups, Clubs, or Classes - Sec. 881.056. ISSUANCE OF CERTIFICATE OR POLICY TO SEPARATE GROUPS,...

Section 881.057. Insufficient Membership: Consolidation or Discontinuation of Group, Club, or Class or Liquidation of Company - Sec. 881.057. INSUFFICIENT MEMBERSHIP: CONSOLIDATION OR DISCONTINUATION OF GROUP, CLUB,...

Section 881.058. Agent - Sec. 881.058. AGENT. (a) A person who solicits an application...

Subchapter C. Benefits Provided by Statewide Mutual Assessment Companies

Section 881.101. Types of Certificates or Policies Authorized - Sec. 881.101. TYPES OF CERTIFICATES OR POLICIES AUTHORIZED. (a) A...

Section 881.102. Maximum Benefit Under Certificate or Policy - Sec. 881.102. MAXIMUM BENEFIT UNDER CERTIFICATE OR POLICY. A statewide...

Section 881.103. Location of Issuance of Certificates or Policies - Sec. 881.103. LOCATION OF ISSUANCE OF CERTIFICATES OR POLICIES. A...

Section 881.104. Certificate or Policy and Application; Representations in Application - Sec. 881.104. CERTIFICATE OR POLICY AND APPLICATION; REPRESENTATIONS IN APPLICATION....

Subchapter O. Enforcement; Criminal Penalty

Section 881.701. General Criminal Penalty - Sec. 881.701. GENERAL CRIMINAL PENALTY. (a) A person commits an...

Section 881.702. Enforcement by Attorney General - Sec. 881.702. ENFORCEMENT BY ATTORNEY GENERAL. (a) The attorney general...

Chapter 882 - Mutual Life Insurance Companies

Subchapter A. General Provisions

Section 882.001. Applicability of This Chapter and Other Law - Sec. 882.001. APPLICABILITY OF THIS CHAPTER AND OTHER LAW. Except...

Section 882.002. Examination of Company - Sec. 882.002. EXAMINATION OF COMPANY. The following provisions apply to...

Section 882.003. Annual Statement - Sec. 882.003. ANNUAL STATEMENT. A mutual life insurance company shall...

Subchapter B. Formation and Structure of Mutual Life Insurance Company

Section 882.051. Authority to Form Company; Purpose - Sec. 882.051. AUTHORITY TO FORM COMPANY; PURPOSE. A mutual life...

Section 882.052. Formation of Company; Articles of Incorporation - Sec. 882.052. FORMATION OF COMPANY; ARTICLES OF INCORPORATION. (a) Nine...

Section 882.053. Company's Name - Sec. 882.053. COMPANY'S NAME. (a) The name of a mutual...

Section 882.054. Initial Board of Directors; Term - Sec. 882.054. INITIAL BOARD OF DIRECTORS; TERM. An initial director...

Section 882.055. Unencumbered Surplus Requirements - Sec. 882.055. UNENCUMBERED SURPLUS REQUIREMENTS. A mutual life insurance company...

Section 882.056. Application for Charter - Sec. 882.056. APPLICATION FOR CHARTER. (a) To obtain a charter...

Section 882.057. Application Process - Sec. 882.057. APPLICATION PROCESS. (a) After the charter fee is...

Section 882.058. Action on Application - Sec. 882.058. ACTION ON APPLICATION. (a) In considering the application,...

Section 882.059. Examination After Determination - Sec. 882.059. EXAMINATION AFTER DETERMINATION. After making a determination on...

Subchapter C. Authority to Engage in Business

Section 882.101. Issuance of Certificate of Authority - Sec. 882.101. ISSUANCE OF CERTIFICATE OF AUTHORITY. (a) After the...

Subchapter D. Management of Mutual Life Insurance Company

Section 882.151. Board of Directors - Sec. 882.151. BOARD OF DIRECTORS. (a) The board of directors...

Section 882.152. Adoption of Initial Bylaws - Sec. 882.152. ADOPTION OF INITIAL BYLAWS. (a) At the first...

Section 882.153. Annual Meeting - Sec. 882.153. ANNUAL MEETING. (a) Except as provided by Subsection...

Section 882.154. Staggered Terms for Large Board of Directors - Sec. 882.154. STAGGERED TERMS FOR LARGE BOARD OF DIRECTORS. (a)...

Section 882.155. Voting by Policyholders - Sec. 882.155. VOTING BY POLICYHOLDERS. (a) At an annual or...

Section 882.156. Officers - Sec. 882.156. OFFICERS. (a) The board of directors of a...

Section 882.157. Officer Bonds - Sec. 882.157. OFFICER BONDS. The president, secretary, and treasurer of...

Section 882.158. Bylaws Must Comply With Law - Sec. 882.158. BYLAWS MUST COMPLY WITH LAW. The bylaws of...

Subchapter E. Agents

Section 882.201. Applicability of Subchapter - Sec. 882.201. APPLICABILITY OF SUBCHAPTER. This subchapter does not apply...

Section 882.202. Issuance of License to Agent - Sec. 882.202. ISSUANCE OF LICENSE TO AGENT. On written request...

Section 882.203. Limitation on Agent Compensation - Sec. 882.203. LIMITATION ON AGENT COMPENSATION. A contract between a...

Subchapter F. General Financial Requirements

Section 882.251. Limited Authority to Borrow Money - Sec. 882.251. LIMITED AUTHORITY TO BORROW MONEY. (a) Except as...

Section 882.252. Investment of Money - Sec. 882.252. INVESTMENT OF MONEY. (a) A mutual life insurance...

Section 882.253. Loans to Company - Sec. 882.253. LOANS TO COMPANY. (a) An officer or director...

Subchapter G. Unencumbered Surplus Requirements

Section 882.301. Amount of Unencumbered Surplus - Sec. 882.301. AMOUNT OF UNENCUMBERED SURPLUS. (a) A mutual life...

Section 882.302. Exemption for Certain Companies - Sec. 882.302. EXEMPTION FOR CERTAIN COMPANIES. A mutual life insurance...

Section 882.303. Unencumbered Surplus Less Than $25,000 - Sec. 882.303. UNENCUMBERED SURPLUS LESS THAN $25,000. A mutual life...

Section 882.304. Investment of Excess Unencumbered Surplus - Sec. 882.304. INVESTMENT OF EXCESS UNENCUMBERED SURPLUS. A mutual life...

Section 882.305. Impairment of Unencumbered Surplus - Sec. 882.305. IMPAIRMENT OF UNENCUMBERED SURPLUS. (a) If one-third or...

Section 882.306. Impairment of Unencumbered Surplus; Appointment of Receiver - Sec. 882.306. IMPAIRMENT OF UNENCUMBERED SURPLUS; APPOINTMENT OF RECEIVER. (a)...

Subchapter H. Dividends

Section 882.351. Policyholder's Entitlement to Dividend - Sec. 882.351. POLICYHOLDER'S ENTITLEMENT TO DIVIDEND. A policyholder of a...

Section 882.352. Accounting and Procedure for Allocation of Divisible Surplus; Report to Commissioner - Sec. 882.352. ACCOUNTING AND PROCEDURE FOR ALLOCATION OF DIVISIBLE SURPLUS;...

Section 882.353. Department Approval of Allocation; Revisions - Sec. 882.353. DEPARTMENT APPROVAL OF ALLOCATION; REVISIONS. (a) The department...

Section 882.354. Dividend Payment Method - Sec. 882.354. DIVIDEND PAYMENT METHOD. (a) A dividend declared by...

Section 882.355. Limitations on Divisible Surplus - Sec. 882.355. LIMITATIONS ON DIVISIBLE SURPLUS. A mutual life insurance...

Section 882.356. Payment of Dividends Not Required - Sec. 882.356. PAYMENT OF DIVIDENDS NOT REQUIRED. This subchapter does...

Subchapter I. Contingency Reserve

Section 882.401. Amount of Contingency Reserve - Sec. 882.401. AMOUNT OF CONTINGENCY RESERVE. (a) A mutual life...

Section 882.402. Excess Contingency Reserve - Sec. 882.402. EXCESS CONTINGENCY RESERVE. (a) The commissioner, for good...

Section 882.403. Contingency Reserve Requirements - Sec. 882.403. CONTINGENCY RESERVE REQUIREMENTS. (a) A mutual life insurance...

Section 882.404. Allocation of Contingency Reserve to Unencumbered Surplus - Sec. 882.404. ALLOCATION OF CONTINGENCY RESERVE TO UNENCUMBERED SURPLUS. If...

Section 882.405. Designation of Contingency Reserve as Unassigned Surplus - Sec. 882.405. DESIGNATION OF CONTINGENCY RESERVE AS UNASSIGNED SURPLUS. The...

Subchapter J. Policy Requirements

Section 882.451. Applicability of Certain Provisions - Sec. 882.451. APPLICABILITY OF CERTAIN PROVISIONS. Sections 882.452, 882. 453,...

Section 882.452. Type of Policy Authorized - Sec. 882.452. TYPE OF POLICY AUTHORIZED. A mutual life insurance...

Section 882.453. Policy Form - Sec. 882.453. POLICY FORM. An insurance policy issued by a...

Section 882.454. Limitation on Amount of Policy Value for Certain Companies - Sec. 882.454. LIMITATION ON AMOUNT OF POLICY VALUE FOR CERTAIN...

Section 882.455. Table of Guaranteed Values - Sec. 882.455. TABLE OF GUARANTEED VALUES. (a) Each insurance policy...

Subchapter K. Total Assumption Reinsurance Agreements

Section 882.501. Total Assumption Reinsurance Agreements Between Life Insurance Companies - Sec. 882.501. TOTAL ASSUMPTION REINSURANCE AGREEMENTS BETWEEN LIFE INSURANCE COMPANIES....

Subchapter L. Mergers and Consolidations

Section 882.551. Applicability of Subchapter - Sec. 882.551. APPLICABILITY OF SUBCHAPTER. This subchapter applies only to...

Section 882.552. Authority to Merge or Consolidate - Sec. 882.552. AUTHORITY TO MERGE OR CONSOLIDATE. A domestic or...

Section 882.553. Proposed Plan of Merger or Consolidation; Filing With Commissioner - Sec. 882.553. PROPOSED PLAN OF MERGER OR CONSOLIDATION; FILING WITH...

Section 882.554. Hearing on Plan - Sec. 882.554. HEARING ON PLAN. As soon as practicable after...

Section 882.555. Commissioner Determination on Plan - Sec. 882.555. COMMISSIONER DETERMINATION ON PLAN. (a) As soon as...

Section 882.556. Approval of Plan by Policyholders - Sec. 882.556. APPROVAL OF PLAN BY POLICYHOLDERS. (a) As soon...

Section 882.557. Domestic Stock Life Insurance Company; Approval of Plan by Shareholders - Sec. 882.557. DOMESTIC STOCK LIFE INSURANCE COMPANY; APPROVAL OF PLAN...

Section 882.558. Foreign Life Insurance Company; Approval of Plan by Policyholders or Shareholders - Sec. 882.558. FOREIGN LIFE INSURANCE COMPANY; APPROVAL OF PLAN BY...

Section 882.559. Filing of Affidavit of Plan Approval; Issuance of Certificate of Merger or Consolidation - Sec. 882.559. FILING OF AFFIDAVIT OF PLAN APPROVAL; ISSUANCE OF...

Section 882.560. Effective Date of Merger or Consolidation - Sec. 882.560. EFFECTIVE DATE OF MERGER OR CONSOLIDATION. A merger...

Section 882.561. Assumption of Outstanding Insurance Policies - Sec. 882.561. ASSUMPTION OF OUTSTANDING INSURANCE POLICIES. (a) On the...

Section 882.562. Assumption of Liabilities - Sec. 882.562. ASSUMPTION OF LIABILITIES. On the effective date of...

Section 882.563. Effect of Merger or Consolidation on Property - Sec. 882.563. EFFECT OF MERGER OR CONSOLIDATION ON PROPERTY. On...

Section 882.564. Effect of Merger or Consolidation on Certain Investments - Sec. 882.564. EFFECT OF MERGER OR CONSOLIDATION ON CERTAIN INVESTMENTS....

Section 882.565. Effect of Merger or Consolidation on Divisible Surplus - Sec. 882.565. EFFECT OF MERGER OR CONSOLIDATION ON DIVISIBLE SURPLUS....

Section 882.566. Effect on Antitrust Laws - Sec. 882.566. EFFECT ON ANTITRUST LAWS. This subchapter does not...

Subchapter M. Conversion of Mutual Life Insurance Company to Stock Legal Reserve Life Insurance Company

Section 882.601. Authority to Convert to Stock Legal Reserve Life Insurance Company; Policyholder Authorization Required - Sec. 882.601. AUTHORITY TO CONVERT TO STOCK LEGAL RESERVE LIFE...

Section 882.602. Amendment to Charter or Articles of Incorporation Required - Sec. 882.602. AMENDMENT TO CHARTER OR ARTICLES OF INCORPORATION REQUIRED....

Section 882.603. Capital and Surplus Requirements - Sec. 882.603. CAPITAL AND SURPLUS REQUIREMENTS. (a) The capital and...

Section 882.604. Hearing - Sec. 882.604. HEARING. (a) After public notice, the commissioner shall...

Section 882.605. Conversion on Commissioner Approval - Sec. 882.605. CONVERSION ON COMMISSIONER APPROVAL. A mutual life insurance...

Section 882.606. Applicable Law After Conversion - Sec. 882.606. APPLICABLE LAW AFTER CONVERSION. After a mutual life...

Section 882.607. Other Types of Conversion Not Prohibited - Sec. 882.607. OTHER TYPES OF CONVERSION NOT PROHIBITED. This subchapter...

Subchapter N. Conversion of Certain Mutual Assessment Companies or Associations to Mutual Life Insurance Companies

Section 882.651. Authority to Convert - Sec. 882.651. AUTHORITY TO CONVERT. A mutual assessment company or...

Section 882.652. Voluntary Conversion - Sec. 882.652. VOLUNTARY CONVERSION. The department may not require a...

Section 882.653. Conversion Requirements - Sec. 882.653. CONVERSION REQUIREMENTS. Except as provided by Section 882....

Section 882.654. Exemption From Surplus Requirements - Sec. 882.654. EXEMPTION FROM SURPLUS REQUIREMENTS. (a) A mutual assessment...

Section 882.655. Applicable Law After Conversion - Sec. 882.655. APPLICABLE LAW AFTER CONVERSION. After a mutual assessment...

Subchapter O. Enforcement Provisions

Section 882.701. Applicability of Subchapter - Sec. 882.701. APPLICABILITY OF SUBCHAPTER. This subchapter does not apply...

Section 882.702. Investment and Deposit of Funds; Criminal Penalty - Sec. 882.702. INVESTMENT AND DEPOSIT OF FUNDS; CRIMINAL PENALTY. (a)...

Section 882.703. Policy Form; Revocation of Certificate - Sec. 882.703. POLICY FORM; REVOCATION OF CERTIFICATE. The department shall...

Subchapter P. Conversion of Mutual Life Insurance Company to Insurance Holding Company and Stock Life Insurance Company

Section 882.751. Authority to Convert - Sec. 882.751. AUTHORITY TO CONVERT. A mutual life insurance company...

Section 882.752. Application of Other Law - Sec. 882.752. APPLICATION OF OTHER LAW. Except to the extent...

Section 882.753. Jurisdiction of Commissioner - Sec. 882.753. JURISDICTION OF COMMISSIONER. The commissioner retains jurisdiction over...

Section 882.754. Incorporation Requirements - Sec. 882.754. INCORPORATION REQUIREMENTS. A mutual insurance holding company that...

Section 882.755. Articles of Incorporation - Sec. 882.755. ARTICLES OF INCORPORATION. The articles of incorporation of...

Section 882.756. Sale of Securities - Sec. 882.756. SALE OF SECURITIES. (a) A sale, issuance, or...

Chapter 883 - Mutual Insurance Companies Other Than Mutual Life Insurance Companies

Subchapter A. General Provisions

Section 883.001. Definitions - Sec. 883.001. DEFINITIONS. In this chapter: (1) "Domestic mutual insurance...

Section 883.002. Applicability of Certain General Laws - Sec. 883.002. APPLICABILITY OF CERTAIN GENERAL LAWS. (a) Except as...

Section 883.003. Applicability of Texas Non-Profit Corporation Act - Sec. 883.003. APPLICABILITY OF TEXAS NON-PROFIT CORPORATION ACT. Except to...

Subchapter B. Formation, Structure, and Management of Company

Section 883.051. Formation of Company - Sec. 883.051. FORMATION OF COMPANY. (a) Twenty or more persons,...

Section 883.052. Articles of Incorporation - Sec. 883.052. ARTICLES OF INCORPORATION. Articles of incorporation of a...

Section 883.053. Company's Name - Sec. 883.053. COMPANY'S NAME. (a) The name of a mutual...

Section 883.054. Location of Principal or Home Office - Sec. 883.054. LOCATION OF PRINCIPAL OR HOME OFFICE. The principal...

Section 883.055. Beginning of Corporate Existence - Sec. 883.055. BEGINNING OF CORPORATE EXISTENCE. The corporate existence of...

Section 883.056. Board of Directors - Sec. 883.056. BOARD OF DIRECTORS. (a) The board of directors...

Section 883.057. Membership of Public or Private Entities in Company Authorized - Sec. 883.057. MEMBERSHIP OF PUBLIC OR PRIVATE ENTITIES IN COMPANY...

Section 883.058. Membership Votes - Sec. 883.058. MEMBERSHIP VOTES. Each member of a mutual insurance...

Subchapter C. Authority to Engage in Business in This State

Section 883.101. Mutual Insurance Business - Sec. 883.101. MUTUAL INSURANCE BUSINESS. Mutual insurance of any kind...

Section 883.102. Charter and Certificate of Authority Required - Sec. 883.102. CHARTER AND CERTIFICATE OF AUTHORITY REQUIRED. A domestic...

Section 883.103. Authorization of Foreign Mutual Insurance Company to Engage in Business - Sec. 883.103. AUTHORIZATION OF FOREIGN MUTUAL INSURANCE COMPANY TO ENGAGE...

Subchapter D. Powers, Duties, and Operation of Company

Section 883.151. Authority to Write Certain Insurance - Sec. 883.151. AUTHORITY TO WRITE CERTAIN INSURANCE. A domestic mutual...

Section 883.152. Prior Authority Not Affected - Sec. 883.152. PRIOR AUTHORITY NOT AFFECTED. This chapter does not...

Section 883.153. Policy Rates - Sec. 883.153. POLICY RATES. A mutual insurance company operating under...

Section 883.154. Maximum Premiums - Sec. 883.154. MAXIMUM PREMIUMS. (a) The maximum premium of an...

Section 883.155. Issuance of Policy for Cash Premium Only - Sec. 883.155. ISSUANCE OF POLICY FOR CASH PREMIUM ONLY. (a)...

Section 883.156. Assessment on Policyholders - Sec. 883.156. ASSESSMENT ON POLICYHOLDERS. (a) A policyholder is not...

Section 883.157. Reinsurance of Policy - Sec. 883.157. REINSURANCE OF POLICY. (a) Subject to Subsection (c),...

Section 883.158. Requirements for Companies Writing Bonds - Sec. 883.158. REQUIREMENTS FOR COMPANIES WRITING BONDS. A mutual insurance...

Section 883.159. Necessary or Incidental Powers - Sec. 883.159. NECESSARY OR INCIDENTAL POWERS. A domestic mutual insurance...

Section 883.161. Dividends - Sec. 883.161. DIVIDENDS. On advance approval of the commissioner, a...

Section 883.162. Loans to Company - Sec. 883.162. LOANS TO COMPANY. (a) A person, including a...

Section 883.163. Immediate Notification When Assets Are Insufficient; Examination - Sec. 883.163. IMMEDIATE NOTIFICATION WHEN ASSETS ARE INSUFFICIENT; EXAMINATION. The...

Subchapter E. Regulation of Company

Section 883.201. Surplus Requirements - Sec. 883.201. SURPLUS REQUIREMENTS. A domestic mutual insurance company must...

Section 883.202. Required Deposit for Companies Writing Bonds - Sec. 883.202. REQUIRED DEPOSIT FOR COMPANIES WRITING BONDS. (a) A...

Section 883.203. Reserves - Sec. 883.203. RESERVES. (a) A domestic mutual insurance company shall...

Section 883.204. Annual Report - Sec. 883.204. ANNUAL REPORT. (a) Domestic and foreign mutual insurance...

Section 883.205. Examination of Foreign Mutual Insurance Company - Sec. 883.205. EXAMINATION OF FOREIGN MUTUAL INSURANCE COMPANY. To the...

Section 883.206. Fees - Sec. 883.206. FEES. Each domestic or foreign mutual insurance company...

Section 883.207. Premium Tax - Sec. 883.207. PREMIUM TAX. Each domestic or foreign mutual insurance...

Subchapter O. Criminal Penalties

Section 883.701. Violation of Chapter - Sec. 883.701. VIOLATION OF CHAPTER. (a) Except as otherwise provided...

Section 883.702. Failure to Report Condition - Sec. 883.702. FAILURE TO REPORT CONDITION. (a) A person commits...

Section 883.703. False Statement or Misappropriation - Sec. 883.703. FALSE STATEMENT OR MISAPPROPRIATION. (a) A person commits...

Section 883.704. Unauthorized Mutual Fire Insurance - Sec. 883.704. UNAUTHORIZED MUTUAL FIRE INSURANCE. (a) A person commits...

Chapter 884 - Stipulated Premium Insurance Companies

Subchapter A. General Provisions

Section 884.001. Definition - Sec. 884.001. DEFINITION. In this chapter, "stipulated premium company" means...

Section 884.002. Applicability of Other Law to Company - Sec. 884.002. APPLICABILITY OF OTHER LAW TO COMPANY. (a) Except...

Section 884.003. Admitted Assets - Sec. 884.003. ADMITTED ASSETS. A stipulated premium insurer may include...

Subchapter B. Formation and Structure of Stipulated Premium Insurance Company

Section 884.051. Formation of Company - Sec. 884.051. FORMATION OF COMPANY. (a) Five or more, but...

Section 884.052. Articles of Incorporation - Sec. 884.052. ARTICLES OF INCORPORATION. (a) Articles of incorporation of...

Section 884.053. Company's Name - Sec. 884.053. COMPANY'S NAME. (a) The name of a stipulated...

Section 884.054. Capital Stock and Surplus Requirements - Sec. 884.054. CAPITAL STOCK AND SURPLUS REQUIREMENTS. (a) A proposed...

Section 884.055. Shares of Stock - Sec. 884.055. SHARES OF STOCK. (a) The shares of stock...

Section 884.056. Application for Charter - Sec. 884.056. APPLICATION FOR CHARTER. (a) To obtain a charter...

Section 884.057. Action by Commissioner and Department After Filing - Sec. 884.057. ACTION BY COMMISSIONER AND DEPARTMENT AFTER FILING. (a)...

Section 884.058. Examination After Determination - Sec. 884.058. EXAMINATION AFTER DETERMINATION. After making a determination on...

Section 884.059. Action on Application - Sec. 884.059. ACTION ON APPLICATION. (a) In considering the application,...

Section 884.060. Beginning of Corporate Existence - Sec. 884.060. BEGINNING OF CORPORATE EXISTENCE. On receipt of the...

Section 884.061. Organizational Meeting - Sec. 884.061. ORGANIZATIONAL MEETING. (a) After receipt of the certified...

Subchapter C. Authority to Engage in Business

Section 884.101. Schedule of Assets - Sec. 884.101. SCHEDULE OF ASSETS. Two or more officers of...

Section 884.102. Temporary Certificate of Authority - Sec. 884.102. TEMPORARY CERTIFICATE OF AUTHORITY. (a) If the commissioner...

Section 884.103. Regular Certificate of Authority - Sec. 884.103. REGULAR CERTIFICATE OF AUTHORITY. (a) If a direct...

Subchapter D. Management of Stipulated Premium Company

Section 884.151. Conducting Shareholders' Meeting - Sec. 884.151. CONDUCTING SHAREHOLDERS' MEETING. (a) At a meeting of...

Section 884.153. Election of Directors - Sec. 884.153. ELECTION OF DIRECTORS. (a) On the second Tuesday...

Section 884.154. Officers - Sec. 884.154. OFFICERS. (a) A stipulated premium company's directors shall...

Section 884.155. Amendment of Charter or Articles - Sec. 884.155. AMENDMENT OF CHARTER OR ARTICLES. (a) The shareholders...

Subchapter E. Capital and Surplus

Section 884.201. Form of Capital and Surplus - Sec. 884.201. FORM OF CAPITAL AND SURPLUS. After a charter...

Section 884.202. Increase or Decrease of Capital Stock - Sec. 884.202. INCREASE OR DECREASE OF CAPITAL STOCK. (a) At...

Section 884.203. Public Offering of Capital Stock - Sec. 884.203. PUBLIC OFFERING OF CAPITAL STOCK. A stipulated premium...

Section 884.204. Company's Repurchase of Stock - Sec. 884.204. COMPANY'S REPURCHASE OF STOCK. (a) Subject to Section...

Section 884.205. Impairment of Capital Stock - Sec. 884.205. IMPAIRMENT OF CAPITAL STOCK. (a) If, when computing...

Section 884.206. Commissioner May Require Larger Capital and Surplus Amounts - Sec. 884.206. COMMISSIONER MAY REQUIRE LARGER CAPITAL AND SURPLUS AMOUNTS....

Section 884.207. New Business Prohibited When Capital Requirements Not Satisfied - Sec. 884.207. NEW BUSINESS PROHIBITED WHEN CAPITAL REQUIREMENTS NOT SATISFIED....

Subchapter F. General Powers and Duties of Stipulated Premium Company

Section 884.251. Deposit of Company's Funds - Sec. 884.251. DEPOSIT OF COMPANY'S FUNDS. (a) A director, member...

Section 884.252. Payments to Officers, Directors, and Employees - Sec. 884.252. PAYMENTS TO OFFICERS, DIRECTORS, AND EMPLOYEES. (a) Unless...

Section 884.253. Dividends - Sec. 884.253. DIVIDENDS. (a) A stipulated premium company may declare...

Section 884.254. Transfer of Stock - Sec. 884.254. TRANSFER OF STOCK. (a) A stipulated premium company's...

Section 884.255. Use of Certain Terms in Advertising - Sec. 884.255. USE OF CERTAIN TERMS IN ADVERTISING. A stipulated...

Section 884.256. Annual Statement; Filing Fee - Sec. 884.256. ANNUAL STATEMENT; FILING FEE. (a) Except as provided...

Subchapter G. Powers and Duties Relating to Coverages

Section 884.301. Reinsurance of Policy - Sec. 884.301. REINSURANCE OF POLICY. (a) A stipulated premium company...

Section 884.302. Limits on Life Insurance - Sec. 884.302. LIMITS ON LIFE INSURANCE. (a) Until the amount...

Section 884.303. Issuance of Life Insurance Policies by Certain Companies - Sec. 884.303. ISSUANCE OF LIFE INSURANCE POLICIES BY CERTAIN COMPANIES....

Section 884.304. Life Insurance of More Than $25,000 - Sec. 884.304. LIFE INSURANCE OF MORE THAN $25,000.(a) Except as...

Section 884.305. Premiums on Life Insurance Policies - Sec. 884.305. PREMIUMS ON LIFE INSURANCE POLICIES. The premiums charged...

Section 884.306. Life Insurance Contract - Sec. 884.306. LIFE INSURANCE CONTRACT. A life insurance policy issued...

Section 884.307. Issuance of Annuity Contract - Sec. 884.307. ISSUANCE OF ANNUITY CONTRACT. (a) A stipulated premium...

Section 884.308. Limits on Amount of Accident and Health Insurance Policies - Sec. 884.308. LIMITS ON AMOUNT OF ACCIDENT AND HEALTH INSURANCE...

Section 884.309. Adjustment of Premiums - Sec. 884.309. ADJUSTMENT OF PREMIUMS. (a) The board of directors...

Section 884.310. Agent - Sec. 884.310. AGENT. Each agent of a stipulated premium company...

Section 884.311. Law Governing Investments; Election - Sec. 884.311. LAW GOVERNING INVESTMENTS; ELECTION. (a) A stipulated premium...

Subchapter H. Contents of Applications and Policies

Section 884.351. General Requirements for Policy and Application Forms - Sec. 884.351. GENERAL REQUIREMENTS FOR POLICY AND APPLICATION FORMS. (a)...

Section 884.352. Requirements for Accident, Health, and Hospitalization Insurance Policies - Sec. 884.352. REQUIREMENTS FOR ACCIDENT, HEALTH, AND HOSPITALIZATION INSURANCE POLICIES....

Section 884.353. Life Insurance Application Forms - Sec. 884.353. LIFE INSURANCE APPLICATION FORMS. (a) An application for...

Section 884.354. Life Insurance Policy Forms; Incontestability - Sec. 884.354. LIFE INSURANCE POLICY FORMS; INCONTESTABILITY. (a) Each life...

Section 884.355. Designation of Beneficiaries - Sec. 884.355. DESIGNATION OF BENEFICIARIES. The designation of a beneficiary...

Section 884.356. Life Insurance Benefit Reductions or Increases - Sec. 884.356. LIFE INSURANCE BENEFIT REDUCTIONS OR INCREASES. (a) A...

Section 884.357. Form Approval - Sec. 884.357. FORM APPROVAL. The approval of a form of...

Subchapter I. Authority to Issue Other Coverage

Section 884.401. Authority Cumulative - Sec. 884.401. AUTHORITY CUMULATIVE. The authority provided by this subchapter...

Section 884.402. Additional Coverage - Sec. 884.402. ADDITIONAL COVERAGE. A stipulated premium company that, at...

Section 884.403. Policy Requirements - Sec. 884.403. POLICY REQUIREMENTS. (a) A policy issued under Section...

Section 884.404. Capital and Surplus Requirements - Sec. 884.404. CAPITAL AND SURPLUS REQUIREMENTS. (a) A stipulated premium...

Section 884.405. Agent; License - Sec. 884.405. AGENT; LICENSE. (a) An agent may not solicit...

Section 884.406. Annual Statement - Sec. 884.406. ANNUAL STATEMENT. A stipulated premium company that issues...

Section 884.407. Relationship of Subchapter to Other Provisions of Chapter - Sec. 884.407. RELATIONSHIP OF SUBCHAPTER TO OTHER PROVISIONS OF CHAPTER....

Section 884.408. Implementation of Subchapter - Sec. 884.408. IMPLEMENTATION OF SUBCHAPTER. The commissioner shall adopt reasonable...

Subchapter J. Reserves

Section 884.451. Reserves on Individual and Group Life Insurance Policies - Sec. 884.451. RESERVES ON INDIVIDUAL AND GROUP LIFE INSURANCE POLICIES....

Section 884.452. Reserves on Accident and Health Insurance Policies - Sec. 884.452. RESERVES ON ACCIDENT AND HEALTH INSURANCE POLICIES. A...

Section 884.453. Deficiency Reserve - Sec. 884.453. DEFICIENCY RESERVE. (a) On the effective date of...

Section 884.454. Commissioner's Computation of Reserve Liability - Sec. 884.454. COMMISSIONER'S COMPUTATION OF RESERVE LIABILITY. (a) As soon...

Section 884.455. Required Securities - Sec. 884.455. REQUIRED SECURITIES. The commissioner shall require that a...

Section 884.456. Increase of Reserves - Sec. 884.456. INCREASE OF RESERVES. (a) If a stipulated premium...

Subchapter K. Direct Reinsurance Agreements

Section 884.501. Direct Reinsurance Agreements Between Stipulated Premium Companies - Sec. 884.501. DIRECT REINSURANCE AGREEMENTS BETWEEN STIPULATED PREMIUM COMPANIES. (a)...

Section 884.502. Direct Reinsurance Agreement With Legal Reserve Company - Sec. 884.502. DIRECT REINSURANCE AGREEMENT WITH LEGAL RESERVE COMPANY. (a)...

Section 884.503. Direct Reinsurance of Accident or Health Insurance Policies - Sec. 884.503. DIRECT REINSURANCE OF ACCIDENT OR HEALTH INSURANCE POLICIES....

Section 884.504. Direct Reinsurance of Certain Policies - Sec. 884.504. DIRECT REINSURANCE OF CERTAIN POLICIES. (a) A reinsurance...

Section 884.505. Effect of Total Direct Reinsurance Agreement - Sec. 884.505. EFFECT OF TOTAL DIRECT REINSURANCE AGREEMENT. (a) A...

Section 884.506. Assumption Certificate - Sec. 884.506. ASSUMPTION CERTIFICATE. The company assuming a policy under...

Subchapter L. Direct Reinsurance Agreements With Mutual Assessment Companies

Section 884.551. Definitions - Sec. 884.551. DEFINITIONS. In this subchapter: (1) "Mutual assessment company"...

Section 884.552. Authority to Contract - Sec. 884.552. AUTHORITY TO CONTRACT. A mutual assessment company may...

Section 884.553. Reinsurance Agreement - Sec. 884.553. REINSURANCE AGREEMENT. (a) A reinsurance agreement under this...

Section 884.554. Approval by Department - Sec. 884.554. APPROVAL BY DEPARTMENT. (a) A mutual assessment company's...

Section 884.555. Members Meeting; Notice - Sec. 884.555. MEMBERS MEETING; NOTICE. (a) After the department approves...

Section 884.556. Members Meeting; Procedures - Sec. 884.556. MEMBERS MEETING; PROCEDURES. (a) In a meeting called...

Section 884.557. Submission of Meeting Facts to Department - Sec. 884.557. SUBMISSION OF MEETING FACTS TO DEPARTMENT. Not later...

Section 884.558. Effective Date of Agreement - Sec. 884.558. EFFECTIVE DATE OF AGREEMENT. A direct reinsurance agreement...

Section 884.559. Action After Agreement Ratification - Sec. 884.559. ACTION AFTER AGREEMENT RATIFICATION. (a) After ratification of...

Section 884.560. Assumption Certificate - Sec. 884.560. ASSUMPTION CERTIFICATE. Immediately after ratification of the reinsurance...

Section 884.561. Adjustment of Life Insurance Premiums - Sec. 884.561. ADJUSTMENT OF LIFE INSURANCE PREMIUMS. (a) If the...

Section 884.562. Approval of Rate Adjustment - Sec. 884.562. APPROVAL OF RATE ADJUSTMENT. A stipulated premium company...

Subchapter M. Conversion to Legal Reserve Company

Section 884.601. Authorization to Convert - Sec. 884.601. AUTHORIZATION TO CONVERT. (a) The shareholders of a...

Section 884.602. Assumption Certificate - Sec. 884.602. ASSUMPTION CERTIFICATE. (a) Not later than the 30th...

Section 884.603. Exemption From Capital and Surplus Requirements - Sec. 884.603. EXEMPTION FROM CAPITAL AND SURPLUS REQUIREMENTS. (a) A...

Subchapter O. General Financial Regulation

Section 884.701. Hazardous Financial Condition, Supervision, Conservatorship, and Liquidation - Sec. 884.701. HAZARDOUS FINANCIAL CONDITION, SUPERVISION, CONSERVATORSHIP, AND LIQUIDATION. Subchapter...

Chapter 885 - Fraternal Benefit Societies

Subchapter A. General Provisions

Section 885.001. Definitions - Sec. 885.001. DEFINITIONS. In this chapter: (1) "Benefit certificate" means...

Section 885.002. Limited Exemption From Insurance Laws - Sec. 885.002. LIMITED EXEMPTION FROM INSURANCE LAWS. (a) Except as...

Section 885.003. Exemption From Taxation - Sec. 885.003. EXEMPTION FROM TAXATION. (a) A fraternal benefit society...

Section 885.004. Inapplicability to Certain Societies - Sec. 885.004. INAPPLICABILITY TO CERTAIN SOCIETIES. (a) Except as provided...

Section 885.005. Fraternal Benefit Societies That Provide Benefits Resulting From Accidents Only - Sec. 885.005. FRATERNAL BENEFIT SOCIETIES THAT PROVIDE BENEFITS RESULTING FROM...

Section 885.006. Treatment of Certain Grand Lodges - Sec. 885.006. TREATMENT OF CERTAIN GRAND LODGES. A grand lodge,...

Subchapter B. Structure of Fraternal Benefit Society

Section 885.051. Fraternal Benefit Society Defined - Sec. 885.051. FRATERNAL BENEFIT SOCIETY DEFINED. A corporation, society, order,...

Section 885.052. Control of Fraternal Benefit Society - Sec. 885.052. CONTROL OF FRATERNAL BENEFIT SOCIETY. (a) In this...

Section 885.053. Lodge System Defined - Sec. 885.053. LODGE SYSTEM DEFINED. A fraternal benefit society is...

Section 885.054. Representative Form of Government Defined - Sec. 885.054. REPRESENTATIVE FORM OF GOVERNMENT DEFINED. A fraternal benefit...

Section 885.055. Assembly as Supreme Governing Body - Sec. 885.055. ASSEMBLY AS SUPREME GOVERNING BODY. (a) The supreme...

Section 885.056. Assembly Meetings; Directors - Sec. 885.056. ASSEMBLY MEETINGS; DIRECTORS. (a) An assembly that is...

Section 885.057. Board as Supreme Governing Body - Sec. 885.057. BOARD AS SUPREME GOVERNING BODY. (a) The supreme...

Section 885.058. Board Members; Meetings - Sec. 885.058. BOARD MEMBERS; MEETINGS. (a) The term of a...

Section 885.059. Location of Meetings of Supreme Governing Body - Sec. 885.059. LOCATION OF MEETINGS OF SUPREME GOVERNING BODY. (a)...

Section 885.060. Fraternal Benefit Society's Laws Binding - Sec. 885.060. FRATERNAL BENEFIT SOCIETY'S LAWS BINDING. A fraternal benefit...

Section 885.061. Amendment of Fraternal Benefit Society's Laws - Sec. 885.061. AMENDMENT OF FRATERNAL BENEFIT SOCIETY'S LAWS. (a) A...

Section 885.062. Quarterly Lodge Meetings Required - Sec. 885.062. QUARTERLY LODGE MEETINGS REQUIRED. A fraternal benefit society's...

Section 885.063. Merger or Transfer of Membership or Funds - Sec. 885.063. MERGER OR TRANSFER OF MEMBERSHIP OR FUNDS. (a)...

Subchapter C. Members

Section 885.101. Qualifications for Fraternal Benefit Society Membership - Sec. 885.101. QUALIFICATIONS FOR FRATERNAL BENEFIT SOCIETY MEMBERSHIP. (a) A...

Section 885.102. Social Members - Sec. 885.102. SOCIAL MEMBERS. A fraternal benefit society may admit...

Section 885.103. Children - Sec. 885.103. CHILDREN. (a) A fraternal benefit society may organize...

Section 885.104. Grievance or Complaint Procedures - Sec. 885.104. GRIEVANCE OR COMPLAINT PROCEDURES. A fraternal benefit society's...

Subchapter D. Authority to Engage in Business

Section 885.151. Applicability to Certain Fraternal Benefit Societies Continuously Authorized to Engage in Business - Sec. 885.151. APPLICABILITY TO CERTAIN FRATERNAL BENEFIT SOCIETIES CONTINUOUSLY AUTHORIZED...

Section 885.152. Eligibility to Provide Benefits - Sec. 885.152. ELIGIBILITY TO PROVIDE BENEFITS. After June 1, 1965,...

Section 885.153. Filing of Articles of Incorporation or Association - Sec. 885.153. FILING OF ARTICLES OF INCORPORATION OR ASSOCIATION. A...

Section 885.154. Name of Fraternal Benefit Society - Sec. 885.154. NAME OF FRATERNAL BENEFIT SOCIETY. The name of...

Section 885.155. Purposes of Fraternal Benefit Society - Sec. 885.155. PURPOSES OF FRATERNAL BENEFIT SOCIETY. (a) The purposes...

Section 885.156. Surety Bond - Sec. 885.156. SURETY BOND. (a) A fraternal benefit society must...

Section 885.157. Issuance of Preliminary Certificate of Authority - Sec. 885.157. ISSUANCE OF PRELIMINARY CERTIFICATE OF AUTHORITY. If the...

Section 885.158. Powers and Duties Under Preliminary Certificate of Authority; Qualification - Sec. 885.158. POWERS AND DUTIES UNDER PRELIMINARY CERTIFICATE OF AUTHORITY;...

Section 885.159. Termination of Authority Under Preliminary Certificate of Authority - Sec. 885.159. TERMINATION OF AUTHORITY UNDER PRELIMINARY CERTIFICATE OF AUTHORITY....

Section 885.160. Issuance of Certificate of Authority - Sec. 885.160. ISSUANCE OF CERTIFICATE OF AUTHORITY. (a) The department...

Subchapter E. Foreign Fraternal Benefit Societies

Section 885.201. Certificate of Authority Required - Sec. 885.201. CERTIFICATE OF AUTHORITY REQUIRED. A foreign fraternal benefit...

Section 885.202. Admission of Foreign Fraternal Benefit Society - Sec. 885.202. ADMISSION OF FOREIGN FRATERNAL BENEFIT SOCIETY. (a) To...

Section 885.203. Refusal to Issue Certificate of Authority to Foreign Fraternal Benefit Society - Sec. 885.203. REFUSAL TO ISSUE CERTIFICATE OF AUTHORITY TO FOREIGN...

Section 885.204. Notice of Intent to Revoke Foreign Fraternal Benefit Society's Certificate of Authority - Sec. 885.204. NOTICE OF INTENT TO REVOKE FOREIGN FRATERNAL BENEFIT...

Section 885.205. Revocation of Foreign Fraternal Benefit Society's Certificate of Authority - Sec. 885.205. REVOCATION OF FOREIGN FRATERNAL BENEFIT SOCIETY'S CERTIFICATE OF...

Section 885.206. Continuance of Contracts Following Revocation of Certificate of Authority - Sec. 885.206. CONTINUANCE OF CONTRACTS FOLLOWING REVOCATION OF CERTIFICATE OF...

Subchapter F. Powers and Duties of Fraternal Benefit Society

Section 885.251. General Powers - Sec. 885.251. GENERAL POWERS. A fraternal benefit society may: (1)...

Section 885.252. Powers of Certain Fraternal Benefit Societies - Sec. 885.252. POWERS OF CERTAIN FRATERNAL BENEFIT SOCIETIES. (a) A...

Section 885.253. Principal Office of Domestic Fraternal Benefit Society - Sec. 885.253. PRINCIPAL OFFICE OF DOMESTIC FRATERNAL BENEFIT SOCIETY. A...

Section 885.254. Immunity - Sec. 885.254. IMMUNITY. (a) A director, officer, employee, member, or...

Section 885.255. Indemnification or Reimbursement - Sec. 885.255. INDEMNIFICATION OR REIMBURSEMENT. (a) A fraternal benefit society...

Section 885.256. Indemnification or Reimbursement in Relation to Breach of Duty Prohibited - Sec. 885.256. INDEMNIFICATION OR REIMBURSEMENT IN RELATION TO BREACH OF...

Section 885.257. Insurance for Directors, Officers, Employees, or Agents - Sec. 885.257. INSURANCE FOR DIRECTORS, OFFICERS, EMPLOYEES, OR AGENTS. (a)...

Section 885.258. Management and Use of Assets and Funds - Sec. 885.258. MANAGEMENT AND USE OF ASSETS AND FUNDS. (a)...

Section 885.259. Source of Funds - Sec. 885.259. SOURCE OF FUNDS. (a) A fraternal benefit society...

Section 885.260. Specified Payments - Sec. 885.260. SPECIFIED PAYMENTS. (a) A fraternal benefit society may...

Section 885.261. Control of Fund by Lodge - Sec. 885.261. CONTROL OF FUND BY LODGE. (a) This section...

Section 885.262. Investment of Fraternal Benefit Society Funds - Sec. 885.262. INVESTMENT OF FRATERNAL BENEFIT SOCIETY FUNDS. (a) Except...

Section 885.263. Treatment of Deferred Claims - Sec. 885.263. TREATMENT OF DEFERRED CLAIMS. (a) A deferred payment...

Subchapter G. Benefits Provided by Fraternal Benefit Societies

Section 885.301. Types of Benefits Permitted - Sec. 885.301. TYPES OF BENEFITS PERMITTED. (a) A fraternal benefit...

Section 885.302. Issuance of Benefit Contracts on Variable Basis - Sec. 885.302. ISSUANCE OF BENEFIT CONTRACTS ON VARIABLE BASIS. A...

Section 885.303. Benefits for Children - Sec. 885.303. BENEFITS FOR CHILDREN. (a) A fraternal benefit society...

Section 885.304. Beneficiaries - Sec. 885.304. BENEFICIARIES. (a) The owner of a benefit contract...

Section 885.305. Organization as Beneficiary - Sec. 885.305. ORGANIZATION AS BENEFICIARY. A fraternal benefit society may...

Section 885.306. Benefit Certificate - Sec. 885.306. BENEFIT CERTIFICATE. (a) A fraternal benefit society may...

Section 885.307. Grace Period - Sec. 885.307. GRACE PERIOD. A fraternal benefit society shall include...

Section 885.308. Assignment of Life Insurance Benefit Contract - Sec. 885.308. ASSIGNMENT OF LIFE INSURANCE BENEFIT CONTRACT. A fraternal...

Section 885.309. Nonforfeiture Benefits - Sec. 885.309. NONFORFEITURE BENEFITS. (a) The value of a nonforfeiture...

Section 885.310. Enforcing Payment of Premiums; Control of Benefit Certificates - Sec. 885.310. ENFORCING PAYMENT OF PREMIUMS; CONTROL OF BENEFIT CERTIFICATES....

Section 885.311. Deficiency Payments - Sec. 885.311. DEFICIENCY PAYMENTS. (a) A fraternal benefit society shall...

Section 885.312. Continuation of Benefit Certificate on Expulsion or Suspension of Member - Sec. 885.312. CONTINUATION OF BENEFIT CERTIFICATE ON EXPULSION OR SUSPENSION...

Section 885.313. Continuation of Benefit Certificate Issued on Child - Sec. 885.313. CONTINUATION OF BENEFIT CERTIFICATE ISSUED ON CHILD. If...

Section 885.314. Responsibility for Payment of Benefits - Sec. 885.314. RESPONSIBILITY FOR PAYMENT OF BENEFITS. (a) An officer...

Section 885.315. Damages for Failure to Timely Pay Benefits - Sec. 885.315. DAMAGES FOR FAILURE TO TIMELY PAY BENEFITS. A...

Section 885.316. Exemption of Benefits - Sec. 885.316. EXEMPTION OF BENEFITS. Money or another benefit or...

Subchapter H. Agents

Section 885.351. Agents - Sec. 885.351. AGENTS. (a) A fraternal benefit society may appoint...

Section 885.352. Exception - Sec. 885.352. EXCEPTION. (a) Section 885.351(b) does not apply to...

Section 885.353. Employment of Certain Persons to Solicit Business Prohibited - Sec. 885.353. EMPLOYMENT OF CERTAIN PERSONS TO SOLICIT BUSINESS PROHIBITED....

Subchapter I. Regulation of Fraternal Benefit Societies

Section 885.401. Annual Report - Sec. 885.401. ANNUAL REPORT. (a) Each fraternal benefit society engaged...

Section 885.402. Reports of Certain Grand Lodges - Sec. 885.402. REPORTS OF CERTAIN GRAND LODGES. The officers of...

Section 885.403. Valuation of Benefit Certificates - Sec. 885.403. VALUATION OF BENEFIT CERTIFICATES. (a) A fraternal benefit...

Section 885.404. Mortality Tables; Interest Rates - Sec. 885.404. MORTALITY TABLES; INTEREST RATES. (a) In valuing benefit...

Section 885.405. Valuation of and Separate Fund for Disability Benefits - Sec. 885.405. VALUATION OF AND SEPARATE FUND FOR DISABILITY BENEFITS....

Section 885.406. Publication of Valuation and Condition - Sec. 885.406. PUBLICATION OF VALUATION AND CONDITION. A fraternal benefit...

Section 885.407. Solvency - Sec. 885.407. SOLVENCY. (a) If a fraternal benefit society reports...

Section 885.408. Reserves for Accident and Health Insurance - Sec. 885.408. RESERVES FOR ACCIDENT AND HEALTH INSURANCE. (a) A...

Section 885.409. Reporting of Reserves - Sec. 885.409. REPORTING OF RESERVES. The report of a fraternal...

Section 885.410. Examination of Domestic Fraternal Benefit Societies - Sec. 885.410. EXAMINATION OF DOMESTIC FRATERNAL BENEFIT SOCIETIES. A domestic...

Section 885.411. Examination of Foreign Fraternal Benefit Societies - Sec. 885.411. EXAMINATION OF FOREIGN FRATERNAL BENEFIT SOCIETIES. (a) The...

Section 885.412. Adverse Publication Prohibited - Sec. 885.412. ADVERSE PUBLICATION PROHIBITED. (a) Pending, during, or after...

Section 885.413. Fees - Sec. 885.413. FEES. The department shall deposit fees collected under...

Section 885.414. Remedies Not Exclusive - Sec. 885.414. REMEDIES NOT EXCLUSIVE. (a) This chapter does not...

Subchapter J. Conversion of Fraternal Benefit Society

Section 885.451. Conversion of Fraternal Benefit Society to Mutual or Stock Company - Sec. 885.451. CONVERSION OF FRATERNAL BENEFIT SOCIETY TO MUTUAL OR...

Section 885.452. Meeting of Lodge Representatives; Notice - Sec. 885.452. MEETING OF LODGE REPRESENTATIVES; NOTICE. (a) The governing...

Section 885.453. Resolution to Convert; Additional Requirements - Sec. 885.453. RESOLUTION TO CONVERT; ADDITIONAL REQUIREMENTS. (a) As provided...

Section 885.454. Conversion Documents - Sec. 885.454. CONVERSION DOCUMENTS. (a) A fraternal benefit society that...

Section 885.455. Sale of Stock of Converted Fraternal Benefit Society - Sec. 885.455. SALE OF STOCK OF CONVERTED FRATERNAL BENEFIT SOCIETY....

Section 885.456. Legal Effect of Conversion to Mutual Life Insurance Company - Sec. 885.456. LEGAL EFFECT OF CONVERSION TO MUTUAL LIFE INSURANCE...

Section 885.457. Completion and Legal Effect of Conversion to Stock Company - Sec. 885.457. COMPLETION AND LEGAL EFFECT OF CONVERSION TO STOCK...

Section 885.458. Continuing Obligations of Converted Fraternal Benefit Society - Sec. 885.458. CONTINUING OBLIGATIONS OF CONVERTED FRATERNAL BENEFIT SOCIETY. (a)...

Section 885.459. Name of Converted Fraternal Benefit Society - Sec. 885.459. NAME OF CONVERTED FRATERNAL BENEFIT SOCIETY. The name...

Section 885.460. Principal Office of Converted Fraternal Benefit Society - Sec. 885.460. PRINCIPAL OFFICE OF CONVERTED FRATERNAL BENEFIT SOCIETY. The...

Section 885.461. Social or Charitable Clubs Formed by Members of Converted Fraternal Benefit Society - Sec. 885.461. SOCIAL OR CHARITABLE CLUBS FORMED BY MEMBERS OF...

Subchapter K. Termination of Fraternal Benefit Society

Section 885.501. Discontinuation of Business by Domestic Fraternal Benefit Society - Sec. 885.501. DISCONTINUATION OF BUSINESS BY DOMESTIC FRATERNAL BENEFIT SOCIETY....

Section 885.502. Initiation of Proceedings for Termination of Domestic Fraternal Benefit Society - Sec. 885.502. INITIATION OF PROCEEDINGS FOR TERMINATION OF DOMESTIC FRATERNAL...

Section 885.503. Issuance of Injunction and Appointment of Receiver - Sec. 885.503. ISSUANCE OF INJUNCTION AND APPOINTMENT OF RECEIVER. (a)...

Subchapter O. Criminal Penalties

Section 885.701. False Statements; Criminal Penalty - Sec. 885.701. FALSE STATEMENTS; CRIMINAL PENALTY. (a) A person commits...

Section 885.702. Soliciting Membership in Unauthorized Fraternal Benefit Society; Criminal Penalty - Sec. 885.702. SOLICITING MEMBERSHIP IN UNAUTHORIZED FRATERNAL BENEFIT SOCIETY; CRIMINAL...

Section 885.703. Soliciting Membership in Lodge of Unauthorized Fraternal Benefit Society; Criminal Penalty - Sec. 885.703. SOLICITING MEMBERSHIP IN LODGE OF UNAUTHORIZED FRATERNAL BENEFIT...

Section 885.704. Exception to Solicitation Offenses - Sec. 885.704. EXCEPTION TO SOLICITATION OFFENSES. Sections 885.702 and 885.703...

Section 885.705. General Criminal Penalty - Sec. 885.705. GENERAL CRIMINAL PENALTY. (a) An officer, agent, or...

Section 885.706. Other Penalties - Sec. 885.706. OTHER PENALTIES. Notwithstanding Section 885.705, if another section...

Chapter 886 - Local Mutual Aid Associations

Subchapter A. General Provisions

Section 886.001. Definition - Sec. 886.001. DEFINITION. In this chapter, "local mutual aid association"...

Section 886.002. Applicability of Chapter; Exemptions - Sec. 886.002. APPLICABILITY OF CHAPTER; EXEMPTIONS. (a) Except as provided...

Section 886.003. Limited Exemption From Insurance Laws - Sec. 886.003. LIMITED EXEMPTION FROM INSURANCE LAWS. A local mutual...

Section 886.004. Organization of New Association Prohibited - Sec. 886.004. ORGANIZATION OF NEW ASSOCIATION PROHIBITED. A new local...

Subchapter B. Authority to Engage in Business

Section 886.051. Operation Under Certificate of Authority - Sec. 886.051. OPERATION UNDER CERTIFICATE OF AUTHORITY. A local mutual...

Section 886.052. Compliance With Law Required - Sec. 886.052. COMPLIANCE WITH LAW REQUIRED. An individual, firm, or...

Subchapter C. Powers and Duties of Association

Section 886.101. General Powers of Association - Sec. 886.101. GENERAL POWERS OF ASSOCIATION. A local mutual aid...

Section 886.102. Applicability of Texas Non-Profit Corporation Act - Sec. 886.102. APPLICABILITY OF TEXAS NON-PROFIT CORPORATION ACT. (a) Except...

Section 886.103. Articles of Association, Constitution, and Bylaws - Sec. 886.103. ARTICLES OF ASSOCIATION, CONSTITUTION, AND BYLAWS. (a) The...

Section 886.104. Benefits Authorized - Sec. 886.104. BENEFITS AUTHORIZED. (a) Except as provided by Subsection...

Section 886.105. Territorial Limitations - Sec. 886.105. TERRITORIAL LIMITATIONS. (a) A local mutual aid association...

Section 886.106. Connection With Other Associations Prohibited - Sec. 886.106. CONNECTION WITH OTHER ASSOCIATIONS PROHIBITED. (a) A local...

Section 886.107. Annual Statement; Filing Fee - Sec. 886.107. ANNUAL STATEMENT; FILING FEE. (a) For the filing...

Section 886.108. Surety Bond - Sec. 886.108. SURETY BOND. (a) A local mutual aid association's...

Section 886.109. Voluntary Dissolution - Sec. 886.109. VOLUNTARY DISSOLUTION. A local mutual aid association may...

Section 886.110. Automatic Dissolution - Sec. 886.110. AUTOMATIC DISSOLUTION. A local mutual aid association is...

Subchapter O. Disciplinary Procedures and Criminal Penalty

Section 886.701. Revocation - Sec. 886.701. REVOCATION. Except as otherwise provided by law, the...

Section 886.702. Grounds for Dissolution or Forfeiture - Sec. 886.702. GROUNDS FOR DISSOLUTION OR FORFEITURE. (a) In addition...

Section 886.703. Criminal Penalty - Sec. 886.703. CRIMINAL PENALTY. (a) A person commits an offense...

Chapter 887 - Provisions Applicable to Certain Mutual Assessment Companies

Subchapter A. General Provisions

Section 887.001. Definitions - Sec. 887.001. DEFINITIONS. In this chapter: (1) "Assessment" means any...

Section 887.002. Purpose - Sec. 887.002. PURPOSE. The primary purpose of this chapter and...

Section 887.003. Applicability of Chapter - Sec. 887.003. APPLICABILITY OF CHAPTER. (a) This chapter governs: (1)...

Section 887.004. Inapplicability to Certain Organizations of Members of Religious Denomination - Sec. 887.004. INAPPLICABILITY TO CERTAIN ORGANIZATIONS OF MEMBERS OF RELIGIOUS...

Section 887.005. Department of Public Safety Employee Mutual Association - Sec. 887.005. DEPARTMENT OF PUBLIC SAFETY EMPLOYEE MUTUAL ASSOCIATION. Notwithstanding...

Section 887.006. Construction - Sec. 887.006. CONSTRUCTION. (a) This chapter does not: (1) enlarge...

Section 887.007. Deposit of Fees - Sec. 887.007. DEPOSIT OF FEES. The department shall deposit a...

Section 887.008. Interpretation of Chapter by Commissioner - Sec. 887.008. INTERPRETATION OF CHAPTER BY COMMISSIONER. If a provision...

Section 887.009. Rules - Sec. 887.009. RULES. The commissioner may adopt reasonable rules to...

Subchapter B. General Powers and Duties; Officers and Directors

Section 887.051. Bylaws - Sec. 887.051. BYLAWS. (a) An association shall submit to the...

Section 887.052. Amendment of Bylaws - Sec. 887.052. AMENDMENT OF BYLAWS. (a) A majority of an...

Section 887.053. Immunity - Sec. 887.053. IMMUNITY. An officer, director, or member of an...

Section 887.054. Financial Officer; Bond - Sec. 887.054. FINANCIAL OFFICER; BOND. (a) An association, by resolution...

Section 887.055. Bond Requirements for Certain Persons - Sec. 887.055. BOND REQUIREMENTS FOR CERTAIN PERSONS. (a) In addition...

Section 887.056. Recovery on Bond - Sec. 887.056. RECOVERY ON BOND. (a) On receipt of information...

Section 887.057. Deposit - Sec. 887.057. DEPOSIT. (a) An association shall, through the department,...

Section 887.058. Change of Association's Name - Sec. 887.058. CHANGE OF ASSOCIATION'S NAME. An association may change...

Section 887.059. Books and Records - Sec. 887.059. BOOKS AND RECORDS. (a) An association shall keep...

Section 887.060. Annual Statement - Sec. 887.060. ANNUAL STATEMENT. (a) Not later than April 1...

Section 887.061. Report on Condition of Association - Sec. 887.061. REPORT ON CONDITION OF ASSOCIATION. The department may...

Section 887.062. Examination - Sec. 887.062. EXAMINATION. The following provisions apply to an association:...

Section 887.063. Admitted Assets - Sec. 887.063. ADMITTED ASSETS. An association may include among its...

Section 887.064. Dividends - Sec. 887.064. DIVIDENDS. If the amount of an association's mortuary...

Section 887.065. Merger - Sec. 887.065. MERGER. (a) An association may not merge with...

Subchapter C. Authority to Engage in Business

Section 887.101. Certificate of Authority Required - Sec. 887.101. CERTIFICATE OF AUTHORITY REQUIRED. (a) Except as provided...

Section 887.102. Exempt Association; Permit - Sec. 887.102. EXEMPT ASSOCIATION; PERMIT. (a) An association is not...

Section 887.103. Refusal of Certificate of Authority or Permit - Sec. 887.103. REFUSAL OF CERTIFICATE OF AUTHORITY OR PERMIT. (a)...

Section 887.104. Refusal or Removal for Unworthiness of Public Trust - Sec. 887.104. REFUSAL OR REMOVAL FOR UNWORTHINESS OF PUBLIC TRUST....

Subchapter D. Members

Section 887.151. Classes of Members - Sec. 887.151. CLASSES OF MEMBERS. (a) An association's constitution and...

Section 887.152. Qualifying Membership in Association - Sec. 887.152. QUALIFYING MEMBERSHIP IN ASSOCIATION. (a) An individual must...

Section 887.153. Voting Rights of Members - Sec. 887.153. VOTING RIGHTS OF MEMBERS. An association shall permit...

Section 887.154. Membership Records - Sec. 887.154. MEMBERSHIP RECORDS. An association shall keep: (1) a...

Section 887.155. Transfer of Membership or Merger of Classes - Sec. 887.155. TRANSFER OF MEMBERSHIP OR MERGER OF CLASSES. (a)...

Subchapter E. Powers and Duties Relating to Insurance and Coverages

Section 887.201. Limit on Life Insurance - Sec. 887.201. LIMIT ON LIFE INSURANCE. An association may not...

Section 887.202. Stipulated Premium Plan; Deduction of Unpaid Premium Balance - Sec. 887.202. STIPULATED PREMIUM PLAN; DEDUCTION OF UNPAID PREMIUM BALANCE....

Section 887.203. Issuance of Life Insurance Policy by Certain Associations - Sec. 887.203. ISSUANCE OF LIFE INSURANCE POLICY BY CERTAIN ASSOCIATIONS....

Section 887.204. Renewal or Reinstatement of Insurance Certificate - Sec. 887.204. RENEWAL OR REINSTATEMENT OF INSURANCE CERTIFICATE. (a) If...

Section 887.205. Life Insurance Certificate Beneficiaries - Sec. 887.205. LIFE INSURANCE CERTIFICATE BENEFICIARIES. (a) An association may...

Section 887.206. Payment of Claim; Proof of Claim - Sec. 887.206. PAYMENT OF CLAIM; PROOF OF CLAIM. (a) An...

Section 887.207. Exception to Full Payment Requirement: Assessment-as-Needed Associations - Sec. 887.207. EXCEPTION TO FULL PAYMENT REQUIREMENT: ASSESSMENT-AS-NEEDED ASSOCIATIONS. (a)...

Section 887.208. Contested Claims - Sec. 887.208. CONTESTED CLAIMS. (a) An association may not contest...

Section 887.209. Venue - Sec. 887.209. VENUE. An action brought against an association that...

Section 887.210. Reinsurance - Sec. 887.210. REINSURANCE. (a) An association may enter into a...

Subchapter F. Contents of Applications and Insurance Certificates

Section 887.251. General Requirements for Insurance Certificate and Application Forms; Incontestability - Sec. 887.251. GENERAL REQUIREMENTS FOR INSURANCE CERTIFICATE AND APPLICATION FORMS;...

Section 887.252. Application for Insurance Certificate - Sec. 887.252. APPLICATION FOR INSURANCE CERTIFICATE. (a) An application for...

Section 887.253. Life Insurance Certificate Forms - Sec. 887.253. LIFE INSURANCE CERTIFICATE FORMS. (a) A life insurance...

Section 887.254. Health and Accident Insurance Certificate Forms - Sec. 887.254. HEALTH AND ACCIDENT INSURANCE CERTIFICATE FORMS. An insurance...

Section 887.255. Life Insurance Benefit Reductions and Exclusions - Sec. 887.255. LIFE INSURANCE BENEFIT REDUCTIONS AND EXCLUSIONS. (a) An...

Section 887.256. Form Approval - Sec. 887.256. FORM APPROVAL. (a) The commissioner shall approve the...

Subchapter G. Assessments and Revenue

Section 887.301. Assessments Required - Sec. 887.301. ASSESSMENTS REQUIRED. (a) An association shall levy regular...

Section 887.302. Authority to Increase Assessment Rates on Certain Insurance Certificates - Sec. 887.302. AUTHORITY TO INCREASE ASSESSMENT RATES ON CERTAIN INSURANCE...

Section 887.303. Approval Required for Certain Rate Increases - Sec. 887.303. APPROVAL REQUIRED FOR CERTAIN RATE INCREASES. An association...

Section 887.304. Limit on Rate Increases - Sec. 887.304. LIMIT ON RATE INCREASES. Notwithstanding any other provision...

Section 887.305. Expense Loading on Certain Insurance Certificates - Sec. 887.305. EXPENSE LOADING ON CERTAIN INSURANCE CERTIFICATES. If an...

Section 887.306. Assessment-as-Needed Associations: Payments on Certain Insurance Certificates - Sec. 887.306. ASSESSMENT-AS-NEEDED ASSOCIATIONS: PAYMENTS ON CERTAIN INSURANCE CERTIFICATES. (a)...

Section 887.307. Revenue of Association; Deposit - Sec. 887.307. REVENUE OF ASSOCIATION; DEPOSIT. (a) The revenue of...

Section 887.308. Suspension of Member for Nonpayment - Sec. 887.308. SUSPENSION OF MEMBER FOR NONPAYMENT. Before suspending a...

Section 887.309. Failure to Comply With Certain Commissioner Orders - Sec. 887.309. FAILURE TO COMPLY WITH CERTAIN COMMISSIONER ORDERS. If...

Subchapter H. Mortuary and Expense Funds

Section 887.351. Mortuary and Expense Funds - Sec. 887.351. MORTUARY AND EXPENSE FUNDS. An association's bylaws must...

Section 887.352. Limits on Use of Funds - Sec. 887.352. LIMITS ON USE OF FUNDS. An association may...

Section 887.353. Division of Funds: Certain Life Insurance Certificates - Sec. 887.353. DIVISION OF FUNDS: CERTAIN LIFE INSURANCE CERTIFICATES. (a)...

Section 887.354. Division of Funds: Accident and Health Insurance Certificates and Certain Life Insurance Certificates - Sec. 887.354. DIVISION OF FUNDS: ACCIDENT AND HEALTH INSURANCE CERTIFICATES...

Section 887.355. Division of Funds: Certain Life Insurance Certificates With No Rate Increase - Sec. 887.355. DIVISION OF FUNDS: CERTAIN LIFE INSURANCE CERTIFICATES WITH...

Section 887.356. Division of Funds: Assessment-as-Needed Associations - Sec. 887.356. DIVISION OF FUNDS: ASSESSMENT-AS-NEEDED ASSOCIATIONS. (a) An association...

Section 887.357. Investment of Funds - Sec. 887.357. INVESTMENT OF FUNDS. (a) An association may invest...

Section 887.358. Payment of Taxes on Mortuary Fund Income - Sec. 887.358. PAYMENT OF TAXES ON MORTUARY FUND INCOME. An...

Section 887.359. Payment of Reinsurance Premium - Sec. 887.359. PAYMENT OF REINSURANCE PREMIUM. An association may pay...

Section 887.360. Cost of Defending Contested Claims - Sec. 887.360. COST OF DEFENDING CONTESTED CLAIMS. An association authorized...

Subchapter I. Reserves

Section 887.401. Reserves on Individual Life Insurance Certificates - Sec. 887.401. RESERVES ON INDIVIDUAL LIFE INSURANCE CERTIFICATES. (a) An...

Section 887.402. Reserves on Family Group Life Insurance Certificates - Sec. 887.402. RESERVES ON FAMILY GROUP LIFE INSURANCE CERTIFICATES. (a)...

Section 887.403. Issue Year and Issue Age in Certain Insurance Certificates - Sec. 887.403. ISSUE YEAR AND ISSUE AGE IN CERTAIN INSURANCE...

Section 887.404. Reserves on Accident, Health, and Hospitalization Insurance Certificates - Sec. 887.404. RESERVES ON ACCIDENT, HEALTH, AND HOSPITALIZATION INSURANCE CERTIFICATES....

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Texas Statutes Title 6 - Organization of Insurers and Related Entities Subtitle E - Mutual and Fraternal Companies and Related Entities

Texas Statutes
Title 6 - Organization of Insurers and Related Entities
Subtitle E - Mutual and Fraternal Companies and Related Entities