Texas Insurance Code

§ 501.053 — BUSINESS INTEREST; SERVICE AS PUBLIC COUNSEL

IN § 501.053Title 5. PROTECTION OF CONSUMER INTERESTS · Part A. PUBLIC INSURANCE COUNSEL · Ch. 501. OFFICE OF PUBLIC INSURANCE COUNSEL · Art. B. PUBLIC COUNSEL

Statute text

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A person is not eligible for appointment as public counsel if the person or the person's spouse:

(1)is employed by or participates in the management of a business entity or other organization regulated by or receiving funds from the department;

(2)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 the office; or

(3)uses or receives a substantial amount of tangible goods, services, or funds from the department or the office, other than compensation or reimbursement authorized by law for department or office membership, attendance, or expenses.

Legislative history

Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.