Sec. 2209.151. GOVERNANCE OF POOL; BOARD MEMBERSHIP. (a) The pool is governed by a board of trustees composed of nine members selected as provided by the plan of operation.
(b) Not later than the 15th day after the date the department approves the plan of operation, the initial regular board must be selected as provided by the plan of operation. The members of the initial regular board shall take office not later than the 30th day after the date the plan of operation is adopted.
(c) Four board members must be representatives of the public. A public representative may not:
(1) be an officer, director, or employee of an insurer, insurance agency, agent, broker, solicitor, adjuster, or other business entity regulated by the department;
(2) be a person required to register under Chapter 305, Government Code; or
(3) be related to a person described by Subdivision (1) or (2) within the second degree by consanguinity or affinity.
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 G - Pools, Groups, Plans, and Self-Insurance
Chapter 2209 - Texas Nonprofit Organizations Liability Pool
Subchapter D. Board of Trustees
Section 2209.151. Governance of Pool; Board Membership
Section 2209.152. Terms; Vacancy
Section 2209.153. Performance Bond Required
Section 2209.154. Compensation
Section 2209.155. Officers; Meetings
Section 2209.156. General Powers and Duties of Board
Section 2209.157. Immunity of Board Members From Certain Liabilities