Discontinuation of Business By Domestic Fraternal Benefit Society

Tex. Insurance Code § 885.501, under Chapter 885.

Tex. Insurance Code § 885.501

Sec. 885.501. DISCONTINUATION OF BUSINESS BY DOMESTIC FRATERNAL BENEFIT SOCIETY. A domestic fraternal benefit society's certificate of authority becomes void if the society: (1) discontinues business for a period of one year; or (2) has fewer than 400 members holding benefit certificates. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.