Texas Insurance Code - Section 463.055. Term; Vacancy
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§ 463.055. TERM; VACANCY. (a) Board members serve
staggered six-year terms, with the terms of three members expiring
each odd-numbered year. A member may be reappointed.
(b) A board member shall serve until a successor is
appointed.
(c) If a board member who is an officer or employee of a
member insurer ceases to be an officer or employee of the insurer,
the member's office becomes vacant.
(d) The commissioner shall appoint an individual to fill a
vacancy on the board for the unexpired term.
Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.
Section: 463.004 463.005 463.006 463.051 463.052 463.053 463.054 463.055 463.056 463.057 463.058 463.101 463.102 463.103 463.104
Last modified: August 10, 2007
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