Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 10. PROPERTY AND CASUALTY INSURANCE |
Subtitle E. WORKERS' COMPENSATION INSURANCE |
Chapter 2054. TEXAS MUTUAL INSURANCE COMPANY |
Subchapter C. MANAGEMENT OF COMPANY |
Sec. 2054.107. CERTAIN RELATIONSHIPS WITH OTHER INSURERS PROHIBITED
Latest version.
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The company may not have:
(1) an affiliate, spin-off, or subsidiary that writes a line of insurance other than workers' compensation insurance; or
(2) interlocking boards of directors with an insurer that writes a line of insurance other than workers' compensation insurance.
Added by Acts 2005, 79th Leg., Ch. 727 , Sec. 2, eff. April 1, 2007.