Texas Insurance Code

§ 842.151 — BOARD OF DIRECTORS

IN § 842.151Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part C. LIFE, HEALTH, AND ACCIDENT INSURERS AND RELATED ENTITIES · Ch. 842. GROUP HOSPITAL SERVICE CORPORATIONS · Art. D. BOARD OF DIRECTORS; PERSONNEL

Statute text

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(a)Each group hospital service corporation is governed by a board of directors that has full control over its management affairs.

(b)A board of directors must be composed of at least 12 but not more than 20 directors. A majority of the directors must be persons who:

(1)are not health care providers or employees of health care providers; and

(2)do not have a financial interest in a health care provider.

Legislative history

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.