Sec. 881.101.  TYPES OF CERTIFICATES OR POLICIES AUTHORIZED.  (a)  A statewide mutual assessment company may issue only a certificate or policy that provides for the continuous payment of premiums or assessments during the policyholder's life.
(b)  A statewide mutual assessment company may not:
(1)  issue a certificate or policy on a limited payment plan;  or
(2)  promise to pay an endowment or annuity benefit.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.