Texas Insurance Code

§ 801.002 — EXEMPTION FOR CERTAIN FRATERNAL BENEFIT SOCIETIES

IN § 801.002Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part A. GENERAL PROVISIONS APPLICABLE TO INSURERS AND RELATED ENTITIES · Ch. 801. CERTIFICATE OF AUTHORITY · Art. A. GENERAL PROVISIONS

Statute text

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This chapter does not apply to a fraternal benefit society that:

(1)sells insurance policies only as an incidental benefit to its members; and

(2)on September 6, 1955, was:

(A)organized and licensed by the department as a fraternal benefit society; or

(B)exempt under former Article 10.12 or 10.38, revised as Section 885.004.

Legislative history

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.