Tex. Ins. Code § 885.405 · Subchapter I. REGULATION OF FRATERNAL BENEFIT SOCIETIES
VALUATION OF AND SEPARATE FUND FOR DISABILITY BENEFITS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A fraternal benefit society that provides for disability benefits shall keep the net premiums for disability benefits in a fund separate from all other benefit and expense funds and the valuation of all other business of the society.
(b) Notwithstanding Subsection (a), if a fraternal benefit society uses a combined premium table for both death and permanent total disability benefits:
(1) the valuation must be according to tables of reliable experience; and
(2) the society is not required to maintain a separation of those funds.
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 e682a53ee9044165a7320c754af486a033eba82d2c9cf3200a6e9e19c541589b
- 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
Cited by 1 provision
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