Texas Insurance Code

§ 463.056 — COMPENSATION OF BOARD MEMBERS

IN § 463.056Title 4. REGULATION OF SOLVENCY · Part D. GUARANTY ASSOCIATIONS · Ch. 463. TEXAS LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION · Art. B. GOVERNANCE OF AND PARTICIPATION IN ASSOCIATION

Statute text

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A board member may not receive compensation from the association for the member's services but may be reimbursed from the association's assets for expenses incurred as a board member.

Legislative history

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