Texas Insurance Code

§ 886.106 — CONNECTION WITH OTHER ASSOCIATIONS PROHIBITED

IN § 886.106Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part E. MUTUAL AND FRATERNAL COMPANIES AND RELATED ENTITIES · Ch. 886. LOCAL MUTUAL AID ASSOCIATIONS · Art. C. POWERS AND DUTIES OF ASSOCIATION

Statute text

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(a)A local mutual aid association may not have any connection with another local mutual aid association.

(b)An association may not contribute any form of salary or compensation to an executive officer of another association.

Legislative history

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