Tex. Ins. Code § 886.104 · Subchapter C. POWERS AND DUTIES OF ASSOCIATION
BENEFITS AUTHORIZED.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Except as provided by Subsection (b), a local mutual aid association may provide only for the payment of death benefits. An association may not provide for old age benefits or benefits for accidental injury or sickness.
(b) A local mutual aid association organized before March 21, 1929, that provides for the payment of death, old age, and accident benefits may continue to provide those benefits.
(c) The policy issued by the association must clearly state the benefits provided.
(d) A local mutual aid association may not issue a policy providing for:
(1) a level premium;
(2) guaranteed benefits; or
(3) surrender of loan values.
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.886.htm
- Text hash
- sha256 8b4d1cde87263c730b795e389f2aad7ec0adadd93a8510f4b8d8bfed320cd496
- 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.