Texas Insurance Code

§ 885.459 — NAME OF CONVERTED FRATERNAL BENEFIT SOCIETY

IN § 885.459Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part E. MUTUAL AND FRATERNAL COMPANIES AND RELATED ENTITIES · Ch. 885. FRATERNAL BENEFIT SOCIETIES · Art. J. CONVERSION OF FRATERNAL BENEFIT SOCIETY

Statute text

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The name of a mutual life insurance company or incorporated stock company to which a fraternal benefit society converts:

(1)must, if possible, be a continuation of the society's name; and

(2)may not, if the new company's name is changed from the society's name, be:

(A)the same as that of any other company engaging in business in this state; or

(B)a name similar to that of any other company engaging in business in this state.

Legislative history

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