Sec. 2054.052. QUALIFICATIONS. (a) Each board member must be a resident of this state.
(b) An individual may not serve as a board member if the individual, another individual related to the individual within the second degree by consanguinity or affinity, or another individual residing in the same household with the individual:
(1) is registered or licensed under this code or is required to be registered or licensed under this code;
(2) is employed by or acts as a consultant to a person registered or licensed under this code or required to be registered or licensed under this code;
(3) owns, controls, has a financial interest in, or participates in the management of an organization registered or licensed under this code or required to be registered or licensed under this code;
(4) receives a substantial tangible benefit from the company or the department; or
(5) is an officer, employee, or consultant of an association in the field of insurance.
(c) Subsection (b) does not prohibit an individual from serving as a board member if the individual is only a policyholder or a consumer of insurance or insurance products.
(d) An individual who is ineligible to serve on the board under Subsection (b) may not serve as a board member until the first anniversary of the date the condition that makes the individual ineligible ends.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.
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