Texas Insurance Code

§ 885.202 — ADMISSION OF FOREIGN FRATERNAL BENEFIT SOCIETY

IN § 885.202Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part E. MUTUAL AND FRATERNAL COMPANIES AND RELATED ENTITIES · Ch. 885. FRATERNAL BENEFIT SOCIETIES · Art. E. FOREIGN FRATERNAL BENEFIT SOCIETIES

Statute text

View on source

(a)To engage in business in this state, a foreign fraternal benefit society described by Section 885.201 must:

(1)have the qualifications required of a domestic fraternal benefit society under this chapter; and

(2)have its assets invested as required by the laws of the state, territory, district, province, or country in which the society is organized.

(b)A foreign fraternal benefit society described by Section 885.201 is entitled to a certificate of authority to engage in business in this state on filing with the department:

(1)a certified copy of the society's charter or articles of association;

(2)a copy of the fraternal benefit society's laws, certified by its secretary or corresponding officer;

…

Legislative history

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