Tex. Insurance Code § 885.412

This is the official text of Tex. Insurance Code § 885.412, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.

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§ 885.412. ADVERSE PUBLICATION PROHIBITED.

Official statutory text

(a) Pending, during, or after an examination or investigation of a fraternal benefit society, the commissioner may not make public a financial statement, report, or finding, or permit a financial statement, report, or finding affecting the status, standing, or rights of the society to become public, until:

(1) the commissioner serves a copy of the statement, report, or finding on the society at its home office; and

(2) the society has been provided a reasonable opportunity to:

(A) answer the statement, report, or finding; and

(B) make a showing in connection with the statement, report, or finding as the society desires.

(b) This section does not apply to a proceeding involving a fraternal benefit society instituted by the commissioner or the state, including an administrative hearing, a proceeding under Chapter 441 or 443, or a court proceeding.

Status: in_force · Read it on the official government site

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