Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 13. REGULATION OF PROFESSIONALS |
Subtitle D. OTHER PROFESSIONALS |
Chapter 4152. REINSURANCE INTERMEDIARIES |
Subchapter F. REQUIREMENTS RELATING TO INSURERS |
Sec. 4152.256. APPOINTMENT OF CERTAIN PERSONS TO BOARD OF DIRECTORS PROHIBITED
Latest version.
-
(a) This section does not apply to a relationship governed by Chapter 823.
(b) An insurer may not appoint to the insurer's board of directors an officer, director, employee, controlling shareholder, or submanager of a manager acting for that insurer.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.