Tex. Ins. Code § 886.110 · Subchapter C. POWERS AND DUTIES OF ASSOCIATION
AUTOMATIC DISSOLUTION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
A local mutual aid association is dissolved automatically and forfeits its right to engage in the business of insurance if:
(1) the association's membership falls below 25 percent of the maximum value of the policy issued; or
(2) the association's membership falls below 50 percent of the maximum value of the policy issued and the association fails to notify each member of the amount paid on the preceding death claim when assessment is made.
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 9e062f22041ef35b061efc8d13b1c70a645543b9141462b4a64ed32302113685
- 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.