Tex. Ins. Code § 885.301

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 885.301 - Types of Benefits Permitted
(a) A fraternal benefit society may provide for the payment of:
(1) death benefits in any form;
(2) endowment benefits;
(3) annuity benefits;
(4) benefits for temporary or permanent disability resulting from disease or accident;
(5) benefits for hospital, medical, or nursing expenses resulting from sickness, bodily infirmity, or accident;
(6) benefits for the erection of a monument or tombstone to the memory of a deceased member;
(7) funeral benefits; and
(8) any other benefit that may be provided by a life, accident, or health insurance company and that is:
(A) offered in compliance with a law described by Section 841.002 applicable to a life, accident, or health insurance company; and
(B) consistent with this chapter.
(b) A fraternal benefit society shall:
(1) specify in the fraternal benefit society's laws or rules those persons to whom a benefit certificate may be issued or who may be covered by benefits; and
(2) make the provision of those benefits consistent with the provision of benefits to members and their beneficiaries.

Tex. Ins. Code § 885.301

Amended By Acts 2007, 80th Leg., R.S., Ch. 730, Sec. 2E.091, eff. 4/1/2009.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. 6/1/2003.