Tex. Insurance Code § 911.062
This is the official text of Tex. Insurance Code § 911.062, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 911.062. REMOVAL OF OFFICER OR DIRECTOR.
Official statutory text
(a) The board of directors of a farm mutual insurance company, at a meeting, may remove an officer or director of the company if, by a two-thirds majority vote of all the company's directors, the board determines that the removal of the individual is in the best interest of the company. The board may remove an officer or director under this subsection without stating a reason for the removal.
(b) The board may appoint one or more individuals to assume the duties and serve the unexpired term of an officer or director removed under this section.
(b) The board may appoint one or more individuals to assume the duties and serve the unexpired term of an officer or director removed under this section.
Status: in_force · Read it on the official government site
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