Insurance Code § 887.151
An association must set and keep separate the accounts and membership rules for each class, build each new class to required membership within six months, and limit benefits to $500 until that level is reached unless it has enough funds to pay full benefits; new classes need advance department approval.
- Jurisdiction
- United States — Texas
- Instrument
- Code
- Version
- Undated source snapshot
- Language
- en
- Official source
- View official record ↗
benefit limits member accounts membership classes regulatory approval
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Insurance Code § 887.151
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