Texas Insurance Code 885.310 – Enforcing Payment of Premiums; Control of Benefit Certificates
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Terms Used In Texas Insurance Code 885.310
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
A fraternal benefit society may provide for:
(1) enforcing payment of premiums;
(2) designating beneficiaries; and
(3) controlling benefit certificates and all rights, obligations, and liabilities incident to the certificates not in conflict with this chapter.