Tex. Ins. Code § 2054.107

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

Section 2054.107 - Certain Relationships With Other Insurers Prohibited

Except as provided by Section 2054.602, the company may not have:

(1) an affiliate, spin-off, or subsidiary that writes a line of insurance other than workers' compensation insurance; or

(2) interlocking boards of directors with an insurer that writes a line of insurance other than workers' compensation insurance.

Tex. Ins. Code § 2054.107

Amended by Acts 2021, Texas Acts of the 87th Leg. - Regular Session, ch. 1019,Sec. 1, eff. 9/1/2021.

Added by Acts 2005, 79th Leg., Ch. 727, Sec. 2, eff. 4/1/2007.