Texas Insurance Code
§ 887.152 — QUALIFYING MEMBERSHIP IN ASSOCIATION
IN § 887.152Title 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. D. MEMBERS
Statute text
View on source(a)An individual must qualify under an association's bylaws to become a member of the association.
(b)An association must maintain the qualifying membership at all times. If an association fails to maintain the qualifying membership, the commissioner shall treat the association as insolvent.
Legislative history
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.