Tex. Insurance Code § 462.055
This is the official text of Tex. Insurance Code § 462.055, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 462.055. TERM; VACANCY.
Official statutory text
(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.
(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.
Status: in_force · Read it on the official government site
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