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Tex. Insurance Code § 881.056

ISSUANCE OF CERTIFICATE OR POLICY TO SEPARATE GROUPS, CLUBS, OR CLASSES

Texas · Texas Insurance Code · Status: effective

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Tex. Insurance Code § 881.056, ISSUANCE OF CERTIFICATE OR POLICY TO SEPARATE GROUPS, CLUBS, OR CLASSES, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/679802
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(a) A certificate or policy issued by the company to members of a group, club, or class may limit benefits under the certificate or policy to the assessments made, levied, and collected from the group, club, or class. (b) The assets or benefits of a group, club, or class may not be pledged or transferred without the consent of at least three-fourths of the members of the group, club, or class.