Tex. Insurance Code § 885.003

This is the official text of Tex. Insurance Code § 885.003, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.

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§ 885.003. EXEMPTION FROM TAXATION.

Official statutory text

(a) A fraternal benefit society organized or holding a certificate of authority under this chapter, including the former Chapter 10 of this code and Chapter 8, Title 78, Revised Statutes, is a charitable and benevolent institution. Except as provided by Subsection (b), all funds of a fraternal benefit society described by this subsection are exempt from any state, county, district, municipal, or school tax, including an occupation tax.

(b) Real estate or office equipment used for a purpose other than a lodge purpose is subject to taxation.

Status: in_force · Read it on the official government site

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