Texas Insurance Code

§ 885.401 — ANNUAL REPORT

IN § 885.401Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part E. MUTUAL AND FRATERNAL COMPANIES AND RELATED ENTITIES · Ch. 885. FRATERNAL BENEFIT SOCIETIES · Art. I. REGULATION OF FRATERNAL BENEFIT SOCIETIES

Statute text

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(a)Each fraternal benefit society engaged in business in this state shall annually, on or before March 1:

(1)file with the department in the form required by the commissioner a statement, under oath of the society's president and secretary or corresponding officers, of:

(A)the society's condition and standing on the preceding December 31; and

(B)the society's transactions for the preceding calendar year; and

(2)provide additional information the commissioner considers necessary to demonstrate the society's business and method of operation.

(b)The commissioner may periodically require any additional statement the commissioner considers necessary relating to a fraternal benefit society.

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Legislative history

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