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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) Pending, during, or after an examination or investigation of a fraternal benefit society, the commissioner may not make public a financial statement, report, or finding, or permit a financial statement, report, or finding affecting the status, standing, or rights of the society to become public, until:
(1) the commissioner serves a copy of the statement, report, or finding on the society at its home office; and
(2) the society has been provided a reasonable opportunity to:
(A) answer the statement, report, or finding; and
(B) make a showing in connection with the statement, report, or finding as the society desires.
(b) This section does not apply to a proceeding involving a fraternal benefit society instituted by the commissioner or the state, including an administrative hearing, a proceeding under Chapter 441 or 443, or a court proceeding.
Cite this article: FindLaw.com - Texas Insurance Code - INS § 885.412. Adverse Publication Prohibited - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-885-412/
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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