Texas § 885.051 FRATERNAL BENEFIT SOCIETY DEFINED.

Texas Statutes

§ 885.051 — FRATERNAL BENEFIT SOCIETY DEFINED.

Texas § 885.051

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Bluebook

Tex. Insurance Code Code Ann. § 885.051 (2026).

Text

Sec. 885.051. FRATERNAL BENEFIT SOCIETY DEFINED. A corporation, society, order, or voluntary association is a fraternal benefit society if it:

(1)has a lodge system and a representative form of government or limits its membership to a secret fraternity that has a lodge system and a representative form of government;

(2)is organized and operated solely for the mutual benefit of its members and their beneficiaries and not for profit;

(3)does not have capital stock; and

(4)provides for the payment of benefits in accordance with Section 885.301 .

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Sec. 885.051. FRATERNAL BENEFIT SOCIETY DEFINED. A corporation, society, order, or voluntary association is a fraternal benefit society if it:
(1) has a lodge system and a representative form of government or limits its membership to a secret fraternity that has a lodge system and a representative form of government;
(2) is organized and operated solely for the mutual benefit of its members and their beneficiaries and not for profit;
(3) does not have capital stock; and
(4) provides for the payment of benefits in accordance with Section 885.301 .