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Texas Insurance Code - INS § 885.405. Valuation of and Separate Fund for Disability Benefits

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) A fraternal benefit society that provides for disability benefits shall keep the net premiums for disability benefits in a fund separate from all other benefit and expense funds and the valuation of all other business of the society.

(b) Notwithstanding Subsection (a), if a fraternal benefit society uses a combined premium table for both death and permanent total disability benefits:

(1) the valuation must be according to tables of reliable experience; and

(2) the society is not required to maintain a separation of those funds.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 885.405. Valuation of and Separate Fund for Disability Benefits - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-885-405/

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