Sec. 2054.105. PERSONAL LIABILITY OF BOARD MEMBERS, OFFICERS, AND EMPLOYEES. In connection with the administration, management, or conduct of the company, the company's business, or a related matter, a board member, the president, or an officer or employee of the company is not personally liable in the individual's private capacity for an act performed or a contract or other obligation entered into or undertaken in the individual's official capacity in good faith and without intent to defraud.
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