Sec. 882.156. OFFICERS. (a) The board of directors of a mutual life insurance company shall elect the following officers for the company:
(1) a president;
(2) the number of vice presidents as required by the company's bylaws;
(3) a secretary;
(4) a treasurer;
(5) a medical director; and
(6) other officers as required by the company's bylaws.
(b) The board shall establish the compensation of each officer.
(c) The duties of each officer shall be prescribed by 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 E - Mutual and Fraternal Companies and Related Entities
Chapter 882 - Mutual Life Insurance Companies
Subchapter D. Management of Mutual Life Insurance Company
Section 882.151. Board of Directors
Section 882.152. Adoption of Initial Bylaws
Section 882.153. Annual Meeting
Section 882.154. Staggered Terms for Large Board of Directors
Section 882.155. Voting by Policyholders