Texas § 885.502 INITIATION OF PROCEEDINGS FOR TERMINATION OF DOMESTIC FRATERNAL BENEFIT SOCIETY.

Texas Statutes

§ 885.502 — INITIATION OF PROCEEDINGS FOR TERMINATION OF DOMESTIC FRATERNAL BENEFIT SOCIETY.

Texas § 885.502

Code INInsurance Code

This text of Texas § 885.502 (INITIATION OF PROCEEDINGS FOR TERMINATION OF DOMESTIC FRATERNAL BENEFIT SOCIETY.) 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. § 885.502 (2026).

Text

Sec. 885.502. INITIATION OF PROCEEDINGS FOR TERMINATION OF DOMESTIC FRATERNAL BENEFIT SOCIETY.

(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 th

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Sec. 885.502. INITIATION OF PROCEEDINGS FOR TERMINATION OF DOMESTIC FRATERNAL BENEFIT SOCIETY. (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.