Texas Insurance Code

§ 463.102 — PLAN OF OPERATION; AMENDMENTS

IN § 463.102Title 4. REGULATION OF SOLVENCY · Part D. GUARANTY ASSOCIATIONS · Ch. 463. TEXAS LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION · Art. C. GENERAL POWERS AND DUTIES OF ASSOCIATION

Statute text

View on source

(a)The association shall perform the association's functions under a plan of operation approved by the commissioner. The plan of operation must:

(1)establish:

(A)procedures for handling the assets of the association;

(B)the amount and method of reimbursing board members under Section 463.056;

(C)regular places and times for board meetings, including telephone conference calls;

(D)procedures for maintaining records of all financial transactions of the association, the association's agents, and the board; and

…

Legislative history

Acts 2019, 86th Leg., R.S., Ch. 432 (S.B. 1153), Sec. 8, eff. September 1, 2019.