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Texas Statutes (Last Updated: January 4, 2014) |
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INSURANCE CODE |
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Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES |
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Subtitle C. LIFE, HEALTH, AND ACCIDENT INSURERS AND RELATED ENTITIES |
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Chapter 846. MULTIPLE EMPLOYER WELFARE ARRANGEMENTS |
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Subchapter D. POWERS AND DUTIES OF MULTIPLE EMPLOYER WELFARE ARRANGEMENTS |
Sec. 846.151. GENERAL POWERS
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(a) Unless otherwise provided by or inconsistent with this chapter, each multiple employer welfare arrangement may exercise the powers provided by this section.
(b) A multiple employer welfare arrangement may have succession, by its name, for the term stated in its trust agreement.
(c) A multiple employer welfare arrangement may sue and be sued. An arrangement may:
(1) complain and defend in any court;
(2) be a party to any proceedings before a public body of this state or of any other state or government; and
(3) sue a participating employer, an employee, or a beneficiary for any cause relating to the business of the arrangement.
(d) A multiple employer welfare arrangement may have a seal that may be used by having the seal or a facsimile of the seal impressed, affixed, or otherwise reproduced. The arrangement may alter the seal at will.
(e) A multiple employer welfare arrangement may appoint officers and agents as the business of the arrangement requires.
(f) A multiple employer welfare arrangement may adopt, amend, and repeal bylaws as necessary for the government of its affairs.
(g) A multiple employer welfare arrangement may conduct its business in this state, other states, and foreign countries and their territories and colonies.
(h) A multiple employer welfare arrangement may have offices outside this state.
(i) A multiple employer welfare arrangement may acquire, hold, mortgage, pledge, assign, and transfer real and personal property subject to this chapter.