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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) Unless a fraternal benefit society has qualified under this subchapter, a preliminary certificate of authority granted under Section 885. 157 is void on the first anniversary of the date the certificate is issued.
(b) The department, on cause shown, may extend the period prescribed by Subsection (a). An extension may not exceed one year.
Cite this article: FindLaw.com - Texas Insurance Code - INS § 885.159. Termination of Authority Under Preliminary Certificate of Authority - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-885-159/
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