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Texas Insurance Code - INS § 884.555. Members Meeting;  Notice

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

(a) After the department approves a proposed direct reinsurance agreement, the board of directors of the mutual assessment company shall:

(1) call a meeting of the company's members in accordance with the company's bylaws for voting on ratification of the direct reinsurance agreement;  and

(2) mail to each member:

(A) a copy of the proposed agreement;  and

(B) a copy of the notice of the meeting.

(b) The meeting may not be held before the 16th day after the date on which the copies are mailed under Subsection (a)(2).

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 884.555. Members Meeting;  Notice - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-884-555/

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