Sec. 912.057. POLICYHOLDER MEETINGS. (a) A county mutual insurance company shall hold a policyholder meeting to elect directors and transact business at the time and place and in the manner prescribed by the company's bylaws.
(b) A special meeting of a company's policyholders may be called by:
(1) the president, the general manager, or one-third of the company's directors; or
(2) the commissioner.
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 F - Farm and County Mutual Insurance Companies
Chapter 912 - County Mutual Insurance Companies
Subchapter B. Organization of County Mutual Insurance Company; Directors
Section 912.051. Applicability of Texas Non-Profit Corporation Act
Section 912.052. Eligibility of Board of Directors; Term
Section 912.053. General Powers of Board of Directors
Section 912.054. Authority to Borrow Money
Section 912.055. Charter and Articles of Incorporation
Section 912.056. Creation of Local Chapters and Districts
Section 912.057. Policyholder Meetings
Section 912.058. Voting by Policyholders
Section 912.059. Amendment to Bylaws