Texas Insurance Code
§ 882.155 — VOTING BY POLICYHOLDERS
IN § 882.155Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part E. MUTUAL AND FRATERNAL COMPANIES AND RELATED ENTITIES · Ch. 882. MUTUAL LIFE INSURANCE COMPANIES · Art. D. MANAGEMENT OF MUTUAL LIFE INSURANCE COMPANY
Statute text
View on source(a)At an annual or special meeting of a mutual life insurance company, each policyholder is entitled to one vote for each $500 of insurance held by the policyholder in the company.
(b)A policyholder may vote at an annual or special meeting by proxy, unless the proxy is revoked before the meeting.
Legislative history
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.