Texas Insurance Code 2054.051 – Board of Directors; Composition
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(a) The company is governed by a board composed of nine members.
(b) The governor, with the advice and consent of the senate, shall appoint five board members. The company’s policyholders shall elect the remaining members.
Terms Used In Texas Insurance Code 2054.051
- Advice and consent: Under the Constitution, presidential nominations for executive and judicial posts take effect only when confirmed by the Senate, and international treaties become effective only when the Senate approves them by a two-thirds vote.