Tex. Insurance Code § 885.101: QUALIFICATIONS FOR FRATERNAL BENEFIT SOCIETY MEMBERSHIP.
Where this section sits in the code
- INSURANCE CODE
- TITLE 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES
- SUBTITLE E. MUTUAL AND FRATERNAL COMPANIES AND RELATED ENTITIES
- CHAPTER 885. FRATERNAL BENEFIT SOCIETIES
- SUBCHAPTER C. MEMBERS
(a) A fraternal benefit society shall specify in the fraternal benefit society's laws or rules:
(1) subject to Subsection (b), the eligibility standards for each membership class;
(2) the process for admission for each membership class; and
(3) subject to Subsection (c), the rights and privileges of each membership class.
(b) If a fraternal benefit society provides benefits on the lives of children, the minimum age for adult membership may not be less than 15 years or more than 21 years.
(c) Only a benefit member may vote on the management of the insurance affairs of a fraternal benefit society.
(d) Membership rights in a fraternal benefit society are personal to the member, and a member may not assign those rights.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Collected 2026-08-27T01:47:21Z. Source file · JSON