Exams / Texas Life Insurance License / Tex. Ins. Code §885.262
Tex. Ins. Code §885.262 — what it says, and how the exam tests it
This section is cited by 3 of our practice questions and is tested on 2 exams including the Texas Life Insurance License.
The text
Sec. 885.262. INVESTMENT OF FRATERNAL BENEFIT SOCIETY FUNDS. (a) Except as provided by Subsection (b), a fraternal benefit society may invest its funds only in securities permitted by state law for the investment of the assets of life insurance companies. (b) A foreign fraternal benefit society authorized to or seeking to engage in the business of insurance in this state that invests its funds in accordance with the laws of the state in which the society is incorporated is considered to meet the requirements of this chapter for the investment of funds. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Public record. Read the full, current section at the official source: tcss.legis.texas.gov
How it comes up on the exam
Practice questions written from this section — answers and explanations are in the drill.
- Under Tex. Ins. Code §885.262, a foreign fraternal benefit society seeking to do business in Texas is considered to meet investment requirements if it invests in accordance with the laws of which jurisdiction?
drill Texas Statutes and Rules Common to Life and Health Insurance → - Under Tex. Ins. Code §885.262, in what types of securities may a fraternal benefit society invest its funds?
drill Texas Statutes and Rules Common to Life and Health Insurance → - Under Tex. Ins. Code §885.262, a fraternal benefit society may invest its funds only in securities permitted by state law for the investment of assets of which type of company?
drill Texas Statutes and Rules Common to Life and Health Insurance →