Tex. Insurance Code § 885.155
This is the official text of Tex. Insurance Code § 885.155, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 885.155. PURPOSES OF FRATERNAL BENEFIT SOCIETY.
Official statutory text
(a) The purposes for which a fraternal benefit society is organized may not include more liberal powers than are granted by this chapter. Any lawful, social, intellectual, educational, charitable, benevolent, moral, fraternal, patriotic, or religious advantages may be set out among the society's purposes.
(b) A fraternal benefit society's purposes may be implemented directly by the society or indirectly through subsidiary corporations or affiliated organizations.
(b) A fraternal benefit society's purposes may be implemented directly by the society or indirectly through subsidiary corporations or affiliated organizations.
Status: in_force · Read it on the official government site
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