Sec. 2602.053. ELIGIBILITY TO SERVE AS PUBLIC REPRESENTATIVE. (a) In this section, "immediate family" includes parents, a spouse, children, brothers, and sisters residing in the same household.
(b) To be eligible to serve as a public representative on the board, an individual must have resided in this state during the five years preceding appointment and may not be:
(1) licensed by or subject to the regulation of the department;
(2) financially involved in an organization subject to the regulation of the department other than by ownership of an insurance policy or contract;
(3) a member of the immediate family of an individual who is financially involved in an organization subject to the regulation of the department;
(4) engaged in or employed by an entity having a contract with an organization subject to the regulation of the department;
(5) employed by, on the board of directors of, or a holder of an elective office by or under the authority of a unit of federal, state, or local government or an organization that receives a significant part of its funding from a unit of federal, state, or local government;
(6) employed by or associated with an organization formed to represent license holders of the department or organizations or individuals subject to the regulation of the department; or
(7) required to register as a lobbyist under Chapter 305, Government Code, because of activities on behalf of an organization representing the regulated industry.
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