Section 463.055 - Term; Vacancy(a) Board members serve staggered six-year terms, with the terms of three members expiring each odd-numbered year. A member may be reappointed.(b) A board member shall serve until a successor is appointed.(c) If a board member who is an officer or employee of a member insurer ceases to be an officer or employee of the insurer, the member's office becomes vacant.(d) The commissioner shall appoint an individual to fill a vacancy on the board for the unexpired term.Added by Acts 2005, 79th Leg., Ch. 727, Sec. 1, eff. 4/1/2007.