Tex. Ins. Code § 822.154 · Subchapter D. MANAGEMENT OF COMPANY
OFFICERS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) An insurance company's directors shall choose one of the directors to serve as the company's president.
(b) Other officers of the insurance company shall be chosen in accordance with the company's bylaws. An officer other than the president is not required to be a director or a shareholder unless such a qualification is required by the company's bylaws or articles of incorporation.
(c) An insurance company's officers shall perform duties, receive compensation, and provide security as stated in the company's bylaws.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.822.htm
- Text hash
- sha256 028f5c6f3927a56748718fc4596aaa5b821cdd0b9a001f75e84dfcf913527b33
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.