Sec. 846.103. LIMITATION ON ACTION AGAINST BOARD MEMBER. A board member may not be held liable in a private cause of action for any delinquency under Section 846.102 after the expiration of the earlier of:
(1) six years from the date of delinquency; or
(2) two years from the time when the delinquency is discovered by a person complaining of the delinquency.
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 C - Life, Health, and Accident Insurers and Related Entities
Chapter 846 - Multiple Employer Welfare Arrangements
Subchapter C. Board Members; Other Officers and Personnel
Section 846.101. Board Members; Notice of Elections
Section 846.102. Duties of Board Members
Section 846.103. Limitation on Action Against Board Member
Section 846.104. Compensation of Board Members
Section 846.105. Officers; Agents
Section 846.106. Compensation of Officers, Agents, and Employees
Section 846.107. Receipt of Thing of Value; Criminal Penalty