Tex. Ins. Code § 881.056

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 881.056 - Issuance of Certificate or Policy to Separate Groups, Clubs, or Classes
(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.

Tex. Ins. Code § 881.056

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. 6/1/2003.