Texas Insurance Code 885.501 – Discontinuation of Business by Domestic Fraternal Benefit Society
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Terms Used In Texas Insurance Code 885.501
- Year: means 12 consecutive months. See Texas Government Code 311.005
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.