Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES |
Subtitle D. CASUALTY COMPANIES |
Chapter 861. GENERAL CASUALTY COMPANIES |
Subchapter D. POWERS AND DUTIES OF GENERAL CASUALTY COMPANY |
Sec. 861.151. AUTHORITY OF BOARD OF DIRECTORS
Latest version.
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Subject to the bylaws of the company as adopted or amended by the shareholders or directors, the board of directors of a general casualty company has full control and management of the company.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.