Tex. Insurance Code § 885.502
This is the official text of Tex. Insurance Code § 885.502, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 885.502. INITIATION OF PROCEEDINGS FOR TERMINATION OF DOMESTIC FRATERNAL BENEFIT SOCIETY.
Official statutory text
(a) The commissioner may advise the attorney general of the commissioner's determination if:
(1) after examining a domestic fraternal benefit society, the commissioner determines that the society:
(A) has failed to comply with any provision of this chapter;
(B) is exceeding its powers;
(C) is not fulfilling its contracts in good faith; or
(D) is engaging in business fraudulently; or
(2) the commissioner determines that a domestic fraternal benefit society:
(A) has, after its first year of existence, had fewer than 400 members; or
(B) has discontinued business.
(b) The attorney general shall bring an action in quo warranto against the fraternal benefit society if the attorney general determines that circumstances warrant the action.
(1) after examining a domestic fraternal benefit society, the commissioner determines that the society:
(A) has failed to comply with any provision of this chapter;
(B) is exceeding its powers;
(C) is not fulfilling its contracts in good faith; or
(D) is engaging in business fraudulently; or
(2) the commissioner determines that a domestic fraternal benefit society:
(A) has, after its first year of existence, had fewer than 400 members; or
(B) has discontinued business.
(b) The attorney general shall bring an action in quo warranto against the fraternal benefit society if the attorney general determines that circumstances warrant the action.
Status: in_force · Read it on the official government site
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