reglab/housing_qa huggingface dataset:
TX Ins Code § 887.509 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle E - Mutual and Fraternal Companies and Related Entities|Chapter 887 - Provisions Applicable to Certain Mutual Assessment Companies|Subchapter K. Conversion to Stock Legal Reserve Life Insurance Company|Section 887.509. Limits on Operation of Converted Association

Sec. 887.509.  LIMITS ON OPERATION OF CONVERTED ASSOCIATION.  Unless the association increases the association's capital and surplus to the minimum capital and surplus required for the organization of a stock legal reserve life insurance company under Chapter 841, an association that converts to a stock legal reserve life insurance company under this subchapter may not:(1)  operate in a territory as to which the association was not authorized under the converted association's previous charter or articles of association;(2)  insure a life for more than $5,000 in event of death;  or(3)  declare or pay cash dividends.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 887.510 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle E - Mutual and Fraternal Companies and Related Entities|Chapter 887 - Provisions Applicable to Certain Mutual Assessment Companies|Subchapter K. Conversion to Stock Legal Reserve Life Insurance Company|Section 887.510. Increase of Capital and Surplus Required

Sec. 887.510.  INCREASE OF CAPITAL AND SURPLUS REQUIRED.  (a)  An association that converts to a stock legal reserve life insurance company under this subchapter shall, not later than the 10th anniversary of the date of conversion, increase its capital and surplus to the minimum capital and surplus required for a stock legal reserve life insurance company organized under Chapter 841.(b)  The commissioner shall revoke a converted association's certificate of authority to engage in the business of insurance if the association does not comply with Subsection (a).|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 887.551 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle E - Mutual and Fraternal Companies and Related Entities|Chapter 887 - Provisions Applicable to Certain Mutual Assessment Companies|Subchapter L. General Financial Regulation|Section 887.551. Hazardous Financial Condition, Supervision, Conservatorship, and Liquidation

Sec. 887.551.  HAZARDOUS FINANCIAL CONDITION, SUPERVISION, CONSERVATORSHIP, AND LIQUIDATION.  The following provisions apply to an association engaged in the business of insurance in this state:(1)  Subchapter A, Chapter 404;(2)  Chapter 441; and(3)  Chapter 443.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.Amended by: Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 2E.104, eff. April 1, 2009.|
TX Ins Code § 887.701 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle E - Mutual and Fraternal Companies and Related Entities|Chapter 887 - Provisions Applicable to Certain Mutual Assessment Companies|Subchapter O. Penalties|Section 887.701. Unlawful Conversion; Criminal Penalty

Sec. 887.701.  UNLAWFUL CONVERSION;  CRIMINAL PENALTY.  (a)  A director, officer, agent, employee, attorney at law, or attorney in fact of an association commits an offense if the person:(1)  fraudulently takes, misapplies, or converts to the person's own use any money, property, or other item of value belonging to the association or coming into the person's custody, control, or possession by virtue of the person's office, agency, or employment;(2)  conceals any item described by Subdivision (1) with the intent to take, misapply, or convert the item to the person's own use;  or(3)  pays or delivers any item described by Subdivision (1) to any other person, knowing that the other person is not entitled to receive the item.(b)  An offense under this section is punishable by imprisonment in the Texas Department of Criminal Justice for a term of not more than 10 years or less than 2 years.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.Amended by: Acts 2009, 81st Leg., R.S., Ch. 87 (S.B. 1969), Sec. 25.123, eff. September 1, 2009.|
TX Ins Code § 887.702 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle E - Mutual and Fraternal Companies and Related Entities|Chapter 887 - Provisions Applicable to Certain Mutual Assessment Companies|Subchapter O. Penalties|Section 887.702. Diversion of Special Funds; Criminal Penalty

Sec. 887.702.  DIVERSION OF SPECIAL FUNDS;  CRIMINAL PENALTY.  (a)  A director, officer, agent, employee, attorney at law, or attorney in fact of an association commits an offense if the person wilfully borrows, withholds, or diverts from its purpose all or part of a special fund that:(1)  belongs to or is under the management and control of an association;  and(2)  is designated by law or by rule of the commissioner for a specific use.(b)  An offense under this section is punishable by imprisonment in the Texas Department of Criminal Justice for a term of not more than 10 years or less than 2 years.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.Amended by: Acts 2009, 81st Leg., R.S., Ch. 87 (S.B. 1969), Sec. 25.124, eff. September 1, 2009.|
TX Ins Code § 887.703 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle E - Mutual and Fraternal Companies and Related Entities|Chapter 887 - Provisions Applicable to Certain Mutual Assessment Companies|Subchapter O. Penalties|Section 887.703. Appropriation of Money; Criminal Penalty

Sec. 887.703.  APPROPRIATION OF MONEY;  CRIMINAL PENALTY.  (a)  An officer or employee of a mutual accident insurance company commits an offense if the person uses or appropriates, or knowingly permits the use or appropriation by another of, any money belonging to the company in a manner not provided for by the law authorizing the organization of the company.(b)  An offense under this section is punishable by imprisonment in the Texas Department of Criminal Justice for a term of not more than 10 years or less than 2 years.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.Amended by: Acts 2009, 81st Leg., R.S., Ch. 87 (S.B. 1969), Sec. 25.125, eff. September 1, 2009.|
TX Ins Code § 887.704 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle E - Mutual and Fraternal Companies and Related Entities|Chapter 887 - Provisions Applicable to Certain Mutual Assessment Companies|Subchapter O. Penalties|Section 887.704. Violation of Commissioner Order; Criminal Penalty

Sec. 887.704.  VIOLATION OF COMMISSIONER ORDER;  CRIMINAL PENALTY.  (a)  A director, officer, agent, employee, attorney at law, or attorney in fact of an association commits an offense if the person wilfully fails to comply with a lawful order of the commissioner.(b)  An offense under this section is punishable by:(1)  a fine not to exceed $500;(2)  confinement in jail for a term not to exceed six months;  or(3)  both the fine and confinement.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 887.705 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle E - Mutual and Fraternal Companies and Related Entities|Chapter 887 - Provisions Applicable to Certain Mutual Assessment Companies|Subchapter O. Penalties|Section 887.705. Other Violations; Criminal Penalty

Sec. 887.705.  OTHER VIOLATIONS;  CRIMINAL PENALTY.  (a)  A director, officer, agent, employee, attorney at law, or attorney in fact of an association or other person commits an offense if the person violates a provision of this chapter other than Section 887.701, 887.702, 887.703, or 887.704.(b)  An offense under this section is punishable by:(1)  a fine not to exceed $500;(2)  confinement in jail for a term not to exceed six months;  or(3)  both the fine and confinement.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 888.001 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle E - Mutual and Fraternal Companies and Related Entities|Chapter 888 - Burial Associations|Subchapter A. General Provisions|Section 888.001. Definitions

Sec. 888.001.  DEFINITIONS.  In this chapter:(1)  "Burial association" means an individual, firm, partnership, association, or corporation engaged in the business of providing burial or funeral benefits payable partly or wholly in merchandise or services, not to exceed $150 or the value thereof.  The term includes a burial company and a burial society.(2)  "Insurance certificate" and "member" have the meanings assigned by Section 887.001.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 888.002 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle E - Mutual and Fraternal Companies and Related Entities|Chapter 888 - Burial Associations|Subchapter A. General Provisions|Section 888.002. Liberal Construction

Sec. 888.002.  LIBERAL CONSTRUCTION.  Sections 888.051, 888.052, 888.102(b), 888.151, 888.152, 888.153, 888.154, 888.155, 888.156, 888.157, 888.202, 888.203, and 888.204 shall be liberally construed.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 888.003 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle E - Mutual and Fraternal Companies and Related Entities|Chapter 888 - Burial Associations|Subchapter A. General Provisions|Section 888.003. Bylaws of Burial Associations

Sec. 888.003.  BYLAWS OF BURIAL ASSOCIATIONS.  The bylaws of a burial association may not contain any provision in conflict with this chapter.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 888.004 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle E - Mutual and Fraternal Companies and Related Entities|Chapter 888 - Burial Associations|Subchapter A. General Provisions|Section 888.004. Rules to Implement Purposes of Chapter

Sec. 888.004.  RULES TO IMPLEMENT PURPOSES OF CHAPTER.  The commissioner may adopt reasonable rules to implement the purposes of this chapter.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 888.005 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle E - Mutual and Fraternal Companies and Related Entities|Chapter 888 - Burial Associations|Subchapter A. General Provisions|Section 888.005. Applicability of Texas Non-Profit Corporation Act

Sec. 888.005.  APPLICABILITY OF TEXAS NON-PROFIT CORPORATION ACT.  (a)  Except to the extent of any conflict with this code, the Texas Non-Profit Corporation Act (Article 1396-1.01 et seq., Vernon's Texas Civil Statutes) applies to a burial association.  The commissioner has each power and duty of, and shall perform each act to be performed by, the secretary of state under that Act with respect to burial associations.(b)  On advance approval of the commissioner, a burial association may pay dividends to its members.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 888.006 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle E - Mutual and Fraternal Companies and Related Entities|Chapter 888 - Burial Associations|Subchapter A. General Provisions|Section 888.006. Applicability of Other Law

Sec. 888.006.  APPLICABILITY OF OTHER LAW.  A burial association is subject to Chapter 887.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 888.051 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle E - Mutual and Fraternal Companies and Related Entities|Chapter 888 - Burial Associations|Subchapter B. Annual Assessment|Section 888.051. Imposition of Annual Assessment; Amount

Sec. 888.051.  IMPOSITION OF ANNUAL ASSESSMENT;  AMOUNT.  (a)  An annual assessment is imposed on each burial association that holds a certificate of authority to engage in the business of insurance in this state.  The assessment is in addition to any other fee that the association is required to pay.(b)  The amount of the assessment is equal to the greater of:(1)  the amount computed by multiplying one-half cent by the number of members in the burial association on December 31 of the applicable year;  or(2)  $5.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 888.052 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle E - Mutual and Fraternal Companies and Related Entities|Chapter 888 - Burial Associations|Subchapter B. Annual Assessment|Section 888.052. Payment of Annual Assessment

Sec. 888.052.  PAYMENT OF ANNUAL ASSESSMENT.  (a)  Each burial association shall pay the annual assessment imposed by Section 888.051 to the department between January 1 and March 1 at the same time the association files its annual statement with the department.(b)  Annual assessments collected under this section shall be deposited to the credit of the Texas Department of Insurance operating account.  Sections 201.001 and 201.002 apply to the assessments.(c)  All assessments paid to the department under this section are for the use and benefit of the department to:(1)  obtain advice, information, and knowledge relating to adequate and reasonable rates for burial associations in this state;(2)  compile records for purposes of Subdivision (1);  and(3)  implement Sections 888.051, 888.052, 888.102(b), 888.151, 888.152, 888.153, 888.154, 888.155, 888.156, 888.157, 888.202, 888.203, and 888.204.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.Amended by: Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 2E.105, eff. April 1, 2009.|
TX Ins Code § 888.101 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle E - Mutual and Fraternal Companies and Related Entities|Chapter 888 - Burial Associations|Subchapter C. Insurance Certificates; Payment of Benefits|Section 888.101. Insurance Certificates Issued by Burial Association

Sec. 888.101.  INSURANCE CERTIFICATES ISSUED BY BURIAL ASSOCIATION.  (a)  Except as provided by Subsection (c), an insurance certificate issued by a burial association must provide for the payment of the benefit in specified merchandise or burial services.(b)  The merchandise or services to be provided must be:(1)  stated in the insurance certificate;  and(2)  approved by the department as being of the reasonable value stated on the face of the certificate.(c)  Subsections (a) and (b) do not apply if, at the time the insurance certificate is issued, the insured elects to have the benefit paid in cash.(d)  An election under this section must be stated in the insurance certificate.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 888.102 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle E - Mutual and Fraternal Companies and Related Entities|Chapter 888 - Burial Associations|Subchapter C. Insurance Certificates; Payment of Benefits|Section 888.102. Payment Instead of Merchandise or Services

Sec. 888.102.  PAYMENT INSTEAD OF MERCHANDISE OR SERVICES.  (a)  If a burial association that issues an insurance certificate fails or refuses to provide the merchandise or services specified by the certificate, the association shall pay the benefit in cash.(b)  If a burial association that issues an insurance certificate is not given the opportunity to provide the merchandise or services specified by the certificate, instead of the specified merchandise or services, the association shall pay the greater of:(1)  the total amount paid into its mortuary fund to the credit of that certificate's account;  or(2)  the percentage of the certificate's face value specified by the certificate.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 888.103 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle E - Mutual and Fraternal Companies and Related Entities|Chapter 888 - Burial Associations|Subchapter C. Insurance Certificates; Payment of Benefits|Section 888.103. Insurance Certificate Forms

Sec. 888.103.  INSURANCE CERTIFICATE FORMS.  An insurance certificate form used by a burial association on or after May 12, 1939, must comply with this chapter.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 888.151 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle E - Mutual and Fraternal Companies and Related Entities|Chapter 888 - Burial Associations|Subchapter D. Rates for Burial Associations|Section 888.151. Data Collection Related to Rates

Sec. 888.151.  DATA COLLECTION RELATED TO RATES.  (a)  The commissioner shall:(1)  collect data, statistics, and information on the death rates, lapses, experiences, and other information relating to burial association rates in and outside of this state that the commissioner considers useful in determining reasonable and adequate rates for burial associations;  and(2)  study the statistics, rates, and experiences of burial associations.(b)  The commissioner may distribute information collected under Subsection (a)(1) to burial associations in this state.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 888.152 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle E - Mutual and Fraternal Companies and Related Entities|Chapter 888 - Burial Associations|Subchapter D. Rates for Burial Associations|Section 888.152. Adoption of Rate Schedule

Sec. 888.152.  ADOPTION OF RATE SCHEDULE.  (a)  The commissioner shall adopt a schedule of reasonable and adequate rates that a burial association may charge its members.  The schedule of rates must be adopted in compliance with Chapter 2001, Government Code.(b)  The schedule must show the maximum and minimum rates that a burial association may charge per week, per month, per quarter, per six months, and per year, for the definite benefits at the definite ages.  The commissioner must designate the ages in convenient groups.(c)  To ensure the adequacy and reasonableness of the rates, the commissioner may consider information gathered from an area of this state that is sufficiently large to include the varying conditions of the risks involved and during a period sufficiently long to ensure that the minimum and maximum rates authorized are:(1)  just and reasonable as they apply to members of the public who become insured under this chapter;  and(2)  adequate and non-confiscatory as they apply to the burial associations.(d)  The commissioner may require:(1)  sworn statements from any burial association in this state showing its experience in rates collected and claims paid over a reasonable period;  and(2)  any other information the commissioner considers necessary or useful in adopting the rate schedule.(e)  The department shall mail a copy of the adopted rate schedule to each burial association that holds a certificate of authority to engage in the business of insurance in this state.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|Sec. 888.153.  NEW OR AMENDED RATE SCHEDULES.  (a)  At any time the commissioner considers appropriate, the commissioner may adopt:(1)  a new rate schedule for burial associations;  or(2)  an amendment to an existing rate schedule.(b)  After the commissioner adopts a new rate schedule or an amendment to an existing rate schedule and sends a copy to the burial associations, each burial association shall use the new or amended rate schedule for individuals who the association subsequently accepts as members.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 888.154 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle E - Mutual and Fraternal Companies and Related Entities|Chapter 888 - Burial Associations|Subchapter D. Rates for Burial Associations|Section 888.154. Contracts With Experts and Consultants

Sec. 888.154.  CONTRACTS WITH EXPERTS AND CONSULTANTS.  The department may contract with experts and consultants to assist the department in exercising the department's powers and performing the department's duties under this subchapter.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 888.155 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle E - Mutual and Fraternal Companies and Related Entities|Chapter 888 - Burial Associations|Subchapter D. Rates for Burial Associations|Section 888.155. Retention of Burial Association's Initial Rate Schedule

Sec. 888.155.  RETENTION OF BURIAL ASSOCIATION'S INITIAL RATE SCHEDULE.  Each burial association shall retain, as part of its permanent records, the initial rate schedule adopted by the association under former Article 14.45, Insurance Code, following the amendment of that article by Chapter 593, Acts of the 66th Legislature, Regular Session, 1979.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 888.156 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle E - Mutual and Fraternal Companies and Related Entities|Chapter 888 - Burial Associations|Subchapter D. Rates for Burial Associations|Section 888.156. Change of Rates by Burial Association

Sec. 888.156.  CHANGE OF RATES BY BURIAL ASSOCIATION.  (a)  With the department's consent, a burial association may change its rates by adopting a new rate schedule and filing that schedule with the department.(b)  The new rate schedule must be similar in all respects to the initial schedule adopted by the burial association and each new rate must be not less than the minimum or more than the maximum rate adopted by the commissioner.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 888.157 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle E - Mutual and Fraternal Companies and Related Entities|Chapter 888 - Burial Associations|Subchapter D. Rates for Burial Associations|Section 888.157. Continuation of Former Rates

Sec. 888.157.  CONTINUATION OF FORMER RATES.  (a)  A burial association that had rates adopted and in use before June 12, 1947, may continue to apply those rates to individuals who were members of the burial association on that date.(b)  With the department's approval, the burial association may:(1)  change the rates described by Subsection (a);  and(2)  make the new rates correspond to the rate schedule most recently filed by the burial association with the department.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 888.158 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle E - Mutual and Fraternal Companies and Related Entities|Chapter 888 - Burial Associations|Subchapter D. Rates for Burial Associations|Section 888.158. Failure to Comply With Commissioner Rate Orders

Sec. 888.158.  FAILURE TO COMPLY WITH COMMISSIONER RATE ORDERS.  If a burial association refuses to comply with an order of the commissioner regarding rates under this subchapter, the commissioner shall consider the association insolvent.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|