Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 4. REGULATION OF SOLVENCY |
Subtitle D. GUARANTY ASSOCIATIONS |
Chapter 462. TEXAS PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION |
Subchapter B. GOVERNANCE OF ASSOCIATION |
Sec. 462.053. ELIGIBILITY TO SERVE AS PUBLIC REPRESENTATIVE
Latest version.
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A board member who is a public representative may not be:
(1) an officer, director, or employee of an insurer, insurance agency, agent, broker, adjuster, or any other business entity regulated by the department;
(2) a person required to register with the Texas Ethics Commission under Chapter 305, Government Code, in connection with the person's representation of clients in the field of insurance; or
(3) related to a person described by Subdivision (1) or (2) within the second degree of affinity or consanguinity.
Added by Acts 2005, 79th Leg., Ch. 727 , Sec. 1, eff. April 1, 2007.