Tex. Ins. Code § 2210.3512

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 2210.3512 - Requirement for Vote on Rate Filing

The board of directors may not vote on a proposed rate increase if:

(1) there is a vacancy on the board; and

(2) the vacancy has existed for at least 60 days at the time the vote is to be taken.

Tex. Ins. Code § 2210.3512

Added by Acts 2021, Texas Acts of the 87th Leg. - Regular Session, ch. 639,Sec. 1, eff. 9/1/2021.