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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) A fraternal benefit society shall specify in the fraternal benefit society's laws or rules:
(1) subject to Subsection (b), the eligibility standards for each membership class;
(2) the process for admission for each membership class; and
(3) subject to Subsection (c), the rights and privileges of each membership class.
(b) If a fraternal benefit society provides benefits on the lives of children, the minimum age for adult membership may not be less than 15 years or more than 21 years.
(c) Only a benefit member may vote on the management of the insurance affairs of a fraternal benefit society.
(d) Membership rights in a fraternal benefit society are personal to the member, and a member may not assign those rights.
Cite this article: FindLaw.com - Texas Insurance Code - INS § 885.101. Qualifications for Fraternal Benefit Society Membership - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-885-101/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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