Sec. 2054.107. CERTAIN RELATIONSHIPS WITH OTHER INSURERS PROHIBITED. Except as provided by Section 2054.602, the company may not have:
(1) an affiliate, spin-off, or subsidiary that writes a line of insurance other than workers' compensation insurance; or
(2) interlocking boards of directors with an insurer that writes a line of insurance other than workers' compensation insurance.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.
Amended by:
Acts 2021, 87th Leg., R.S., Ch. 1019 (H.B. 3752), Sec. 1, eff. September 1, 2021.
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