Tex. Insurance Code § 885.205
This is the official text of Tex. Insurance Code § 885.205, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 885.205. REVOCATION OF FOREIGN FRATERNAL BENEFIT SOCIETY'S CERTIFICATE OF AUTHORITY.
Official statutory text
(a) The commissioner may revoke a foreign fraternal benefit society's certificate of authority to engage in business in this state if, on the date stated in the notice under Section 885.204, the society:
(1) has not, to the commissioner's satisfaction, removed the commissioner's objections; or
(2) does not present good and sufficient reason why its certificate of authority should not be revoked.
(b) Section 885.203 applies to a decision by the commissioner to revoke a foreign fraternal benefit society's authority to engage in business in this state as if it were a decision to refuse to issue a certificate of authority.
(1) has not, to the commissioner's satisfaction, removed the commissioner's objections; or
(2) does not present good and sufficient reason why its certificate of authority should not be revoked.
(b) Section 885.203 applies to a decision by the commissioner to revoke a foreign fraternal benefit society's authority to engage in business in this state as if it were a decision to refuse to issue a certificate of authority.
Status: in_force · Read it on the official government site
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