Tex. Insurance Code § 885.159
This is the official text of Tex. Insurance Code § 885.159, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 885.159. TERMINATION OF AUTHORITY UNDER PRELIMINARY CERTIFICATE OF AUTHORITY.
Official statutory text
(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.
(b) The department, on cause shown, may extend the period prescribed by Subsection (a). An extension may not exceed one year.
Status: in_force · Read it on the official government site
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