Texas Insurance Code § 4152.256 Appointment Of Certain Persons To Board Of Directors Prohibited

Sec. 4152.256. APPOINTMENT OF CERTAIN PERSONS TO BOARD OF DIRECTORS PROHIBITED. (a) This section does not apply to a relationship governed by Chapter 823.

(b) An insurer may not appoint to the insurer's board of directors an officer, director, employee, controlling shareholder, or submanager of a manager acting for that insurer.

Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.

Section: Previous  4152.209  4152.210  4152.211  4152.212  4152.213  4152.214  4152.215  4152.216  4152.251  4152.252  4152.253  4152.254  4152.255  4152.256  4152.301  Next

Last modified: September 28, 2016