Texas Insurance Code

§ 885.203 — REFUSAL TO ISSUE CERTIFICATE OF AUTHORITY TO FOREIGN FRATERNAL BENEFIT SOCIETY

IN § 885.203Title 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

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(a)If the commissioner refuses to issue a certificate of authority to a foreign fraternal benefit society under Section 885.202, the commissioner shall:

(1)make the refusal in writing;

(2)file the refusal in the department's office; and

(3)on request, provide a copy of the refusal and a statement of the commissioner's reasons for the refusal to the society's officers.

(b)The commissioner's refusal to issue a certificate of authority to a foreign fraternal benefit society for authority to engage in business in this state is reviewable by proper proceedings in a state court.

Legislative history

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