Sec. 462.056. REIMBURSEMENT OF BOARD MEMBERS. A board member may be reimbursed from the assets of the association for expenses the board member incurs as a board member.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.
Structure Texas Statutes
Title 4 - Regulation of Solvency
Subtitle D - Guaranty Associations
Chapter 462 - Texas Property and Casualty Insurance Guaranty Association
Subchapter B. Governance of Association
Section 462.051. Association as Legal Entity; Membership
Section 462.052. Board of Directors
Section 462.053. Eligibility to Serve as Public Representative
Section 462.054. Eligibility to Serve as Industry Representative
Section 462.055. Term; Vacancy
Section 462.056. Reimbursement of Board Members
Section 462.057. Financial Statement of Board Member