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Texas Insurance Code - INS § 2054.052. Qualifications

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) Each board member must be a resident of this state.

(b) An individual may not serve as a board member if the individual or another individual related to the individual within the first degree by consanguinity or affinity:

(1) is a licensed insurance agent;

(2) serves as an employee, officer, director, or consultant or in any other capacity for an insurer writing workers' compensation insurance in this state or an affiliate of an insurer writing workers' compensation insurance in this state;

(3) owns, controls, has a financial interest in, or participates in the management of an insurer writing workers' compensation insurance in this state or an affiliate of an insurer writing workers' compensation insurance in this state;

(4) receives a substantial tangible benefit from the company or the department;  or

(5) is an officer, employee, or consultant of an association in the field of insurance.

(c) Subsection (b) does not prohibit an individual from serving as a board member if the individual is only a policyholder or a consumer of insurance or insurance products.

(d) An individual who is ineligible to serve on the board under Subsection (b) may not serve as a board member until the first anniversary of the date the condition that makes the individual ineligible ends.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 2054.052. Qualifications - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-2054-052/

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