{"data":{"id":"us-tx/tex.-insurance-code-881.056","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 881.056","heading":"ISSUANCE OF CERTIFICATE OR POLICY TO SEPARATE GROUPS, CLUBS, OR CLASSES.","body":"(a) A certificate or policy issued by the company to members of a group, club, or class may limit benefits under the certificate or policy to the assessments made, levied, and collected from the group, club, or class.\n(b) The assets or benefits of a group, club, or class may not be pledged or transferred without the consent of at least three-fourths of the members of the group, club, or class.\nAdded by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.","path":["INSURANCE CODE","TITLE 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES","SUBTITLE E. MUTUAL AND FRATERNAL COMPANIES AND RELATED ENTITIES","CHAPTER 881. STATEWIDE MUTUAL ASSESSMENT COMPANIES","SUBCHAPTER B. STRUCTURE AND OPERATION OF STATEWIDE MUTUAL ASSESSMENT COMPANIES"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.881.htm#881.056","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"7321db9e33986d25b9d7d63e39b7994a2cd89ab6fa2051db070ab8e482d510fe","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-881.055","next":"us-tx/tex.-insurance-code-881.057"},"notice":"GroundRules: Original legal text. Not legal advice."}