Texas § 886.110 AUTOMATIC DISSOLUTION.

Texas Statutes

§ 886.110 — AUTOMATIC DISSOLUTION.

Texas § 886.110

Code INInsurance Code

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Bluebook

Tex. Insurance Code Code Ann. § 886.110 (2026).

Text

Sec. 886.110. AUTOMATIC DISSOLUTION. A local mutual aid association is dissolved automatically and forfeits its right to engage in the business of insurance if:

(1)the association's membership falls below 25 percent of the maximum value of the policy issued; or

(2)the association's membership falls below 50 percent of the maximum value of the policy issued and the association fails to notify each member of the amount paid on the preceding death claim when assessment is made. SUBCHAPTER O. DISCIPLINARY PROCEDURES AND CRIMINAL PENALTY

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Sec. 886.110. AUTOMATIC DISSOLUTION. A local mutual aid association is dissolved automatically and forfeits its right to engage in the business of insurance if:
(1) the association's membership falls below 25 percent of the maximum value of the policy issued; or
(2) the association's membership falls below 50 percent of the maximum value of the policy issued and the association fails to notify each member of the amount paid on the preceding death claim when assessment is made.
SUBCHAPTER O. DISCIPLINARY PROCEDURES AND CRIMINAL PENALTY