Tex. Ins. Code § 885.259 · Subchapter F. POWERS AND DUTIES OF FRATERNAL BENEFIT SOCIETY
SOURCE OF FUNDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A fraternal benefit society shall derive the funds from which the society pays benefits and the funds from which the society defrays its expenses from:
(1) premiums paid by members of the society; and
(2) accretions of those funds.
(b) A domestic or foreign fraternal benefit society may not engage in business in this state unless the society provides for stated premiums sufficient to permit meeting the obligations contracted, when valued in accordance with the reserving standards specified by this chapter.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.885.htm
- Text hash
- sha256 0833066260556f2e432319abc8e43dfe39d781e8912d8d2647b657dff8b73ee8
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.