Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 2054.101 - General Powers of Board The board has full authority over the company and may:
(1) perform any act necessary or convenient to administer the company or in connection with the company's insurance business; and(2) function in all aspects as the governing body of a domestic mutual insurance company.Tex. Ins. Code § 2054.101
Added by Acts 2005, 79th Leg., Ch. 727, Sec. 2, eff. 4/1/2007.