Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 885.401 - Annual Report(a) Each fraternal benefit society engaged in business in this state shall annually, on or before March 1:(1) file with the department in the form required by the commissioner a statement, under oath of the society's president and secretary or corresponding officers, of: (A) the society's condition and standing on the preceding December 31; and(B) the society's transactions for the preceding calendar year; and(2) provide additional information the commissioner considers necessary to demonstrate the society's business and method of operation.(b) The commissioner may periodically require any additional statement the commissioner considers necessary relating to a fraternal benefit society.(c) The department or the state may use the report required under Subsection (a) in determining a fraternal benefit society's financial solvency.Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. 6/1/2003.