Texas Insurance Code
§ 885.306 — BENEFIT CERTIFICATE
IN § 885.306Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part E. MUTUAL AND FRATERNAL COMPANIES AND RELATED ENTITIES · Ch. 885. FRATERNAL BENEFIT SOCIETIES · Art. G. BENEFITS PROVIDED BY FRATERNAL BENEFIT SOCIETIES
Statute text
View on source(a)A fraternal benefit society may not deliver or issue for delivery in this state a benefit certificate unless the form of the certificate has been filed under Chapter 1701.
(b)Each benefit certificate issued by a fraternal benefit society must:
(1)specify the amount of benefits provided under the certificate;
(2)state the amount of premiums that are payable under the certificate; and
(3)provide that the certificate, the society's charter or articles of incorporation or, if the society is a voluntary association, the society's articles of association, the fraternal benefit society's laws, the application for membership and medical examination, signed by the applicant, and all amendments to each of those constitute the agreement between the society and the member.
(c)An amendment to a fraternal benefit society's charter, articles of incorporation or association, or laws made or enacted after the issuance of a benefit certificate:
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Legislative history
Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 2E.092, eff. April 1, 2009.