Sec. 2054.101. GENERAL POWERS OF BOARD. The board has full authority over the company and may:
(1) perform any act necessary or convenient to administer the company or in connection with the company's insurance business; and
(2) function in all aspects as the governing body of a domestic mutual insurance company.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.
Structure Texas Statutes
Title 10 - Property and Casualty Insurance
Subtitle E - Workers' Compensation Insurance
Chapter 2054 - Texas Mutual Insurance Company
Subchapter C. Management of Company
Section 2054.101. General Powers of Board
Section 2054.102. General Duties of Board Relating to Workers' Compensation Insurance
Section 2054.103. Appointment of President
Section 2054.104. Appointment of Internal Auditor
Section 2054.105. Personal Liability of Board Members, Officers, and Employees
Section 2054.106. Principal Office
Section 2054.107. Certain Relationships With Other Insurers Prohibited