Texas § 462.055 TERM; VACANCY.

Texas Statutes

§ 462.055 — TERM; VACANCY.

Texas § 462.055

Code INInsurance Code

This text of Texas § 462.055 (TERM; VACANCY.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Insurance Code Code Ann. § 462.055 (2026).

Text

Sec. 462.055. TERM; VACANCY.

(a)A board member serves a term established by the plan of operation.

(b)The remaining board members, by majority vote, shall fill a vacancy on the board for the unexpired term of a director who serves as an insurance industry board member, subject to the commissioner's approval. The commissioner shall appoint a director to fill a vacancy on the board for the unexpired term of a director who serves as a public representative.

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Sec. 462.055. TERM; VACANCY. (a) A board member serves a term established by the plan of operation.
(b) The remaining board members, by majority vote, shall fill a vacancy on the board for the unexpired term of a director who serves as an insurance industry board member, subject to the commissioner's approval. The commissioner shall appoint a director to fill a vacancy on the board for the unexpired term of a director who serves as a public representative.

Legislative History

Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 1, eff. April 1, 2007. Amended by: Acts 2019, 86th Leg., R.S., Ch. 343 (S.B. 1063 ), Sec. 2, eff. September 1, 2019.