Texas Insurance Code
§ 33.002 — INSURANCE BUSINESS INTEREST; SERVICE AS COMMISSIONER
IN § 33.002Title 2. TEXAS DEPARTMENT OF INSURANCE · Part A. ADMINISTRATION OF THE TEXAS DEPARTMENT OF INSURANCE · Ch. 33. STANDARDS OF CONDUCT
Statute text
View on source(a)A person is not eligible for appointment as commissioner if the person, the person's spouse, or any other person who resides in the same household as the person:
(1)is registered, certified, or licensed by the department;
(2)is employed by or participates in the management of a business entity or other organization regulated by or receiving funds from the department;
(3)owns or controls, directly or indirectly, more than a 10 percent interest in a business entity or other organization regulated by or receiving funds from the department; or
(4)uses or receives a substantial amount of tangible goods, services, or funds from the department, other than compensation or reimbursement authorized by law.
(b)A person is not eligible for appointment as commissioner if the person:
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Legislative history
Added by Acts 1999, 76th Leg., ch. 101, Sec. 1, eff. Sept. 1, 1999.