Texas § 886.104 BENEFITS AUTHORIZED.

Texas Statutes

§ 886.104 — BENEFITS AUTHORIZED.

Texas § 886.104

Code INInsurance Code

This text of Texas § 886.104 (BENEFITS AUTHORIZED.) 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. § 886.104 (2026).

Text

Sec. 886.104. BENEFITS AUTHORIZED.

(a)Except as provided by Subsection (b), a local mutual aid association may provide only for the payment of death benefits. An association may not provide for old age benefits or benefits for accidental injury or sickness.

(b)A local mutual aid association organized before March 21, 1929, that provides for the payment of death, old age, and accident benefits may continue to provide those benefits.

(c)The policy issued by the association must clearly state the benefits provided.

(d)A local mutual aid association may not issue a policy providing for:

(1)a level premium;

(2)guaranteed benefits; or

(3)surrender of loan values.

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Sec. 886.104. BENEFITS AUTHORIZED. (a) Except as provided by Subsection (b), a local mutual aid association may provide only for the payment of death benefits. An association may not provide for old age benefits or benefits for accidental injury or sickness.
(b) A local mutual aid association organized before March 21, 1929, that provides for the payment of death, old age, and accident benefits may continue to provide those benefits.
(c) The policy issued by the association must clearly state the benefits provided.
(d) A local mutual aid association may not issue a policy providing for:
(1) a level premium;
(2) guaranteed benefits; or
(3) surrender of loan values.