Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 751.302 - Conflict of Interest(a) An individual who is a member of the market conduct surveillance personnel has a conflict of interest, either directly or indirectly, if the individual is affiliated with the management of, has been employed by, or owns a pecuniary interest in an insurer subject to an examination conducted under this chapter.(b) This section may not be construed to automatically preclude the individual from being: (1) a policyholder or claimant under an insurance policy;(2) a grantee of a mortgage or similar instrument on the individual's residence from a regulated entity if done under customary terms and in the ordinary course of business;(3) an investment owner in shares of regulated diversified investment companies; or(4) a settlor or beneficiary of a blind trust into which any otherwise permissible holdings have been placed.Added by Acts 2005, 79th Leg., Ch. 291, Sec. 3, eff. 9/1/2005.