Tex. Ins. Code § 2210.013

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

Section 2210.013 - Certain Employment and Contracts Prohibited

A member of the board of directors or an employee of the association may not appoint or employ, or contract with, the following individuals for the provision of goods or services in connection with the operation or business of the association, if the individual to be appointed or employed, or with whom a contract is to be entered into, is to be directly or indirectly compensated from funds of the association:

(1) an individual related to the member or employee within a degree of relationship described by Section 573.002, Government Code; or

(2) an individual related to any member of the board of directors or employee of the association within a degree of relationship described by Section 573.002, Government Code.

Tex. Ins. Code § 2210.013

Added by Acts 2011, 82nd Leg., 1st C.S., Ch. 2, Sec. 5, eff. 9/28/2011.