Texas Insurance Code
§ 912.056 — CREATION OF LOCAL CHAPTERS AND DISTRICTS
IN § 912.056Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part F. FARM AND COUNTY MUTUAL INSURANCE COMPANIES · Ch. 912. COUNTY MUTUAL INSURANCE COMPANIES · Art. B. ORGANIZATION OF COUNTY MUTUAL INSURANCE COMPANY; DIRECTORS
Statute text
View on source(a)A county mutual insurance company's bylaws may provide for:
(1)the organization of local chapters to transact the company's business; and
(2)the creation of districts in and for which directors may be elected.
(b)The bylaws may also provide that delegates from the company's local chapters are the company's supreme governing body.
(c)The company may consider the hazards against which the company insures and the company's classes of risks and territory of operation in organizing the local chapters and creating the districts.
(d)A company organized and operating under this chapter that, as of September 1, 2001, and continuously thereafter, appointed managing general agents, created districts, or organized local chapters to manage a portion of the company's business independent of all other business of the company may continue to operate in that manner and may appoint and contract with one or more managing general agents in accordance with this code only if the company:
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Legislative history
Acts 2009, 81st Leg., R.S., Ch. 677 (H.B. 2449), Sec. 3, eff. September 1, 2009.