Texas Insurance Code

§ 887.004 — INAPPLICABILITY TO CERTAIN ORGANIZATIONS OF MEMBERS OF RELIGIOUS DENOMINATION

IN § 887.004Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part E. MUTUAL AND FRATERNAL COMPANIES AND RELATED ENTITIES · Ch. 887. PROVISIONS APPLICABLE TO CERTAIN MUTUAL ASSESSMENT COMPANIES · Art. A. GENERAL PROVISIONS

Statute text

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This chapter does not apply to an association that:

(1)is not operated for profit;

(2)is composed only of the members of a particular religious denomination;

(3)does not provide insurance benefits in an amount greater than $1,000 on any one individual; and

(4)does not pay any officer of the association a salary greater than $100 a month.

Legislative history

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