Texas Insurance Code - Section 463.053. Board Of Directors
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§ 463.053. BOARD OF DIRECTORS. (a) The association's
powers are exercised through a board of directors consisting of
nine individuals appointed by the commissioner as provided by this
section.
(b) The commissioner shall appoint three board members from
officers or employees of the 50 member insurers having the largest
total direct premium income according to the most recent financial
statement on file on the date of appointment.
(c) To give fair representation to member insurers, the
commissioner shall appoint two board members from member insurers
other than insurers described by Subsection (b), considering the
varying categories of premium income and geographical location.
(d) The commissioner shall appoint four board members who
are public representatives.
Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.
Section: 463.002 463.003 463.004 463.005 463.006 463.051 463.052 463.053 463.054 463.055 463.056 463.057 463.058 463.101 463.102
Last modified: August 11, 2007
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