Texas Insurance Code

§ 912.057 — POLICYHOLDER MEETINGS

IN § 912.057Title 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

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(a)A county mutual insurance company shall hold a policyholder meeting to elect directors and transact business at the time and place and in the manner prescribed by the company's bylaws.

(b)A special meeting of a company's policyholders may be called by:

(1)the president, the general manager, or one-third of the company's directors; or

(2)the commissioner.

Legislative history

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