Sec. 846.105. OFFICERS; AGENTS. (a) The board shall select officers for the multiple employer welfare arrangement as designated in the organizational documents and may appoint agents as necessary for the arrangement to engage in business. Each officer and agent may exercise the authority and perform the duties required in the management of the property and affairs of the arrangement as delegated by the board.
(b) The board may remove an officer or agent if the board determines that the business interests of the multiple employer welfare arrangement are served by the removal.
(c) The board shall secure the fidelity of any or all of the officers or agents who handle the funds of the multiple employer welfare arrangement by bond or otherwise.
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