Sec. 2602.052. BOARD OF DIRECTORS. (a) The association's powers are exercised through a board of directors consisting of nine individuals appointed by the commissioner.
(b) Three board members must be officers or employees of title insurance companies. Two board members must be officers or employees of agents. Four board members must be public representatives.
(c) Board members other than public representatives shall be chosen to give fair representation to all title insurance companies and agents, considering the following categories:
(1) premium income;
(2) geographical location; and
(3) segments of the industry represented in this state.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.
Structure Texas Statutes
Subtitle C - Financial Solvency
Chapter 2602 - Texas Title Insurance Guaranty Association
Subchapter B. Governance of Texas Title Insurance Guaranty Association
Section 2602.051. Association as Legal Entity; Supervision; Membership
Section 2602.052. Board of Directors
Section 2602.053. Eligibility to Serve as Public Representative
Section 2602.054. Term; Vacancy
Section 2602.055. Compensation of Board Members
Section 2602.057. Rights of Title Insurance Company With Representative on Board