Tex. Insurance Code § 885.405
This is the official text of Tex. Insurance Code § 885.405, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 885.405. VALUATION OF AND SEPARATE FUND FOR DISABILITY BENEFITS.
Official statutory text
(a) A fraternal benefit society that provides for disability benefits shall keep the net premiums for disability benefits in a fund separate from all other benefit and expense funds and the valuation of all other business of the society.
(b) Notwithstanding Subsection (a), if a fraternal benefit society uses a combined premium table for both death and permanent total disability benefits:
(1) the valuation must be according to tables of reliable experience; and
(2) the society is not required to maintain a separation of those funds.
(b) Notwithstanding Subsection (a), if a fraternal benefit society uses a combined premium table for both death and permanent total disability benefits:
(1) the valuation must be according to tables of reliable experience; and
(2) the society is not required to maintain a separation of those funds.
Status: in_force · Read it on the official government site
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