{"data":{"id":"us-tx/tex.-insurance-code-885.156","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 885.156","heading":"SURETY BOND.","body":"(a) A fraternal benefit society must file with the department a bond in an amount not less than $300,000 and not more than $1.5 million, as required by the commissioner, with sureties approved by the commissioner.\n(b) The bond must be conditioned on the return of advance payments to applicants for benefit certificates as provided by this subchapter if the fraternal benefit society fails to qualify under this subchapter within one year.\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 885. FRATERNAL BENEFIT SOCIETIES","SUBCHAPTER D. AUTHORITY TO ENGAGE IN BUSINESS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.885.htm#885.156","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"00d0f729f7631c42bf9bc7a652f027547dd894483020dd7be0236301a2b3e9f9","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-885.155","next":"us-tx/tex.-insurance-code-885.157"},"notice":"GroundRules: Original legal text. Not legal advice."}