Tex. Insurance Code § 885.204
This is the official text of Tex. Insurance Code § 885.204, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 885.204. NOTICE OF INTENT TO REVOKE FOREIGN FRATERNAL BENEFIT SOCIETY'S CERTIFICATE OF AUTHORITY.
Official statutory text
(a) The commissioner shall notify a foreign fraternal benefit society engaging in business under this chapter of the commissioner's determination if, following an investigation, the commissioner determines that the society:
(1) has failed to comply with this chapter;
(2) has exceeded its powers;
(3) is not fulfilling its contracts in good faith; or
(4) is engaging in business fraudulently.
(b) A notification under Subsection (a) must:
(1) state in writing the grounds of the commissioner's dissatisfaction; and
(2) require that the society, after reasonable notice and on the date stated in the notice, show cause why the society's certificate of authority should not be revoked.
(1) has failed to comply with this chapter;
(2) has exceeded its powers;
(3) is not fulfilling its contracts in good faith; or
(4) is engaging in business fraudulently.
(b) A notification under Subsection (a) must:
(1) state in writing the grounds of the commissioner's dissatisfaction; and
(2) require that the society, after reasonable notice and on the date stated in the notice, show cause why the society's certificate of authority should not be revoked.
Status: in_force · Read it on the official government site
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