Sec. 981.152. BOARD OF DIRECTORS. (a) The board of directors of the stamping office exercises the powers of the office.
(b) The board consists of nine members appointed by the commissioner. Four members must represent the public and have a minimum of three years of experience in purchasing commercial insurance. A public representative may not:
(1) be an officer, director, or employee of an insurer, insurance agency, agent, broker, solicitor, or adjuster or any other business entity regulated by the department;
(2) be a person required to register under Chapter 305, Government Code; or
(3) be related to a person described by Subdivision (1) or (2) within the second degree by affinity or consanguinity.
(c) A board member serves a term as established in the plan of operation.
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 I - Surplus Lines Insurers; Companies Not Organized in Texas
Chapter 981 - Surplus Lines Insurance
Subchapter D. Surplus Lines Stamping Office
Section 981.151. Status as Nonprofit Association
Section 981.152. Board of Directors
Section 981.153. Plan of Operation
Section 981.154. Powers and Duties
Section 981.155. Supervision by Commissioner
Section 981.156. Examination by Commissioner
Section 981.157. Immunity From Liability
Section 981.158. Exemption From Public Information Law