Sec. 822.154. OFFICERS. (a) An insurance company's directors shall choose one of the directors to serve as the company's president.
(b) Other officers of the insurance company shall be chosen in accordance with the company's bylaws. An officer other than the president is not required to be a director or a shareholder unless such a qualification is required by the company's bylaws or articles of incorporation.
(c) An insurance company's officers shall perform duties, receive compensation, and provide security as stated in the company's bylaws.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Structure Texas Statutes
Title 6 - Organization of Insurers and Related Entities
Subtitle B - Organization of Regulated Entities
Subchapter D. Management of Company
Section 822.151. Conducting Shareholders Meeting
Section 822.152. Board of Directors
Section 822.153. Election of Directors
Section 822.155. Application for Amendment of Charter
Section 822.156. Certificate Required for Amendment of Charter to Authorize Shares Without Par Value
Section 822.157. Action by Commissioner After Filing of Application for Charter Amendment
Section 822.158. Determination on Application for Charter Amendment