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Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Insurance Code § 885.051: FRATERNAL BENEFIT SOCIETY DEFINED.

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Where this section sits in the code
  1. INSURANCE CODE
  2. TITLE 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES
  3. SUBTITLE E. MUTUAL AND FRATERNAL COMPANIES AND RELATED ENTITIES
  4. CHAPTER 885. FRATERNAL BENEFIT SOCIETIES
  5. SUBCHAPTER B. STRUCTURE OF FRATERNAL BENEFIT SOCIETY

A corporation, society, order, or voluntary association is a fraternal benefit society if it:

(1) has a lodge system and a representative form of government or limits its membership to a secret fraternity that has a lodge system and a representative form of government;

(2) is organized and operated solely for the mutual benefit of its members and their beneficiaries and not for profit;

(3) does not have capital stock; and

(4) provides for the payment of benefits in accordance with Section 885.301.

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

Collected 2026-08-27T01:47:21Z. Source file · JSON

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