Texas Insurance Code

§ 462.053 — ELIGIBILITY TO SERVE AS PUBLIC REPRESENTATIVE

IN § 462.053Title 4. REGULATION OF SOLVENCY · Part D. GUARANTY ASSOCIATIONS · Ch. 462. TEXAS PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION · Art. B. GOVERNANCE OF ASSOCIATION

Statute text

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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.

Legislative history

Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.