Texas Insurance Code - Section 501.053. Business Interest; Service As Public Counsel
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§ 501.053. BUSINESS INTEREST; SERVICE AS PUBLIC
COUNSEL. A person is not eligible for appointment as public
counsel if the person or the person's spouse:
(1) is employed by or participates in the management
of a business entity or other organization regulated by or
receiving funds from the department;
(2) owns or controls, directly or indirectly, more
than a 10 percent interest in a business entity or other
organization regulated by or receiving funds from the department or
the office; or
(3) uses or receives a substantial amount of tangible
goods, services, or funds from the department or the office, other
than compensation or reimbursement authorized by law for department
or office membership, attendance, or expenses.
Added by Acts 2003, 78th Leg., ch. 1274, § 2, eff. April 1, 2005.
Section: 501.001 501.002 501.003 501.004 501.005 501.051 501.052 501.053 501.054 501.055 501.056 501.101 501.102 501.103 501.104
Last modified: August 10, 2007
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