Tex.
Ins. Code Section 887.003
Applicability of Chapter
(a)
This chapter governs:(1)
local mutual aid associations;(2)
statewide mutual life associations;(3)
life, health, and accident associations;(4)
mutual assessment life, health, and accident associations;(5)
burial associations; and(6)
similar entities.(b)
Except as provided by Section 887.004 (Inapplicability to Certain Organizations of Members of Religious Denomination), this chapter applies to insurance companies and associations, whether incorporated or not:(1)
that issue policies or certificates of insurance on the lives of individuals on a mutual assessment plan or that provide health and accident benefits on a mutual assessment plan or whose funds are derived from assessments on certificate holders or members; and(2)
that are not governed by:(A)
Chapter 841 (Life, Health, or Accident Insurance Companies), 861 (General Casualty Companies), 882 (Mutual Life Insurance Companies), 883 (Mutual Insurance Companies Other than Mutual Life Insurance Companies), 885 (Fraternal Benefit Societies), 941 (Lloyd’s Plan), or 942 (Reciprocal and Interinsurance Exchanges); or(B)
Chapter 5, Title 78, Revised Statutes, as provided by Section 18, Chapter 40 (Duties of State Office of Administrative Hearings and Commissioner in Certain Proceedings; Rate Setting Proceedings), Acts of the 41st Legislature, 1st Called Session, 1929, as amended by Section 1, Chapter 60, General Laws, Acts of the 41st Legislature, 2nd Called Session, 1929.(c)
This chapter does not apply to mutual fire insurance companies.
Source:
Section 887.003 — Applicability of Chapter, https://statutes.capitol.texas.gov/Docs/IN/htm/IN.887.htm#887.003 (accessed Jun. 5, 2024).
