Tex. Insurance Code § 501.053
This is the official text of Tex. Insurance Code § 501.053, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 501.053. BUSINESS INTEREST; SERVICE AS PUBLIC COUNSEL.
Official statutory text
A person is not eligible for appointment as public counsel if the person or the person's spouse:
(1) is employed by or participates in the management of a business entity or other organization regulated by or receiving funds from the department;
(2) owns or controls, directly or indirectly, more than a 10 percent interest in a business entity or other organization regulated by or receiving funds from the department or the office; or
(3) uses or receives a substantial amount of tangible goods, services, or funds from the department or the office, other than compensation or reimbursement authorized by law for department or office membership, attendance, or expenses.
(1) is employed by or participates in the management of a business entity or other organization regulated by or receiving funds from the department;
(2) owns or controls, directly or indirectly, more than a 10 percent interest in a business entity or other organization regulated by or receiving funds from the department or the office; or
(3) uses or receives a substantial amount of tangible goods, services, or funds from the department or the office, other than compensation or reimbursement authorized by law for department or office membership, attendance, or expenses.
Status: in_force · Read it on the official government site
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