Texas § 885.405 VALUATION OF AND SEPARATE FUND FOR DISABILITY BENEFITS.

Texas Statutes

§ 885.405 — VALUATION OF AND SEPARATE FUND FOR DISABILITY BENEFITS.

Texas § 885.405

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This text of Texas § 885.405 (VALUATION OF AND SEPARATE FUND FOR DISABILITY BENEFITS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Insurance Code Code Ann. § 885.405 (2026).

Text

Sec. 885.405. VALUATION OF AND SEPARATE FUND FOR DISABILITY BENEFITS.

(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.

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Sec. 885.405. VALUATION OF AND SEPARATE FUND FOR DISABILITY BENEFITS. (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.