1151.005 – CERTAIN NONPROFIT ORGANIZATIONS EXCEPTED. This
Texas Insurance Code § 1151.005
Summary
This law exempts specific nonprofit organizations, such as labor unions and fraternal societies, from certain insurance regulations. It primarily affects organizations that do not operate for profit and have membership restrictions based on occupation or craft.
Exempts certain nonprofit organizations from insurance regulations.
Includes labor organizations and fraternal societies.
Applies only to nonprofits that do not operate for profit.
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In simple terms: Learn about Texas's CERTAIN NONPROFIT ORGANIZATIONS EXCEPTED. This law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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