Sec. 885.005.  FRATERNAL BENEFIT SOCIETIES THAT PROVIDE BENEFITS RESULTING FROM ACCIDENTS ONLY.  (a)  A fraternal benefit society that provides benefits for death or disability resulting from accidents only and does not provide death benefits or benefits for sickness may hold a certificate of authority under this chapter if the society:
(1)  was organized and incorporated before July 1, 1913;  and
(2)  operates as provided by Sections 885.051-885.054 and 885.062.
(b)  A fraternal benefit society that holds a certificate of authority as provided by Subsection (a) may exercise all the privileges provided by and is subject to this chapter other than:
(1)  provisions requiring medical examination;
(2)  provisions requiring that a benefit certificate specify the amount of benefits;  and
(3)  provisions relating to the valuation of benefit certificates.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.