Texas Insurance Code

§ 885.103 — CHILDREN

IN § 885.103Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part E. MUTUAL AND FRATERNAL COMPANIES AND RELATED ENTITIES · Ch. 885. FRATERNAL BENEFIT SOCIETIES · Art. C. MEMBERS

Statute text

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(a)A fraternal benefit society may organize and operate branches for children on whose lives the society provides insurance or annuities.

(b)A child is not required to be a member of a lodge or to be initiated in a lodge.

(c)A child may not have any voice in the management of a fraternal benefit society.

Legislative history

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