Tex. Ins. Code § 842.156

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

Section 842.156 - Compensation of Certain Officers and Employees

A paid officer or employee of a group hospital service corporation may not receive more than $20,000 annually as compensation for the officer's or employee's services unless a higher amount is first authorized by a vote of:

(1) the board of directors of the corporation; or

(2) a committee of the board of directors that is charged with the duty of authorizing that compensation.

Tex. Ins. Code § 842.156

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. 6/1/2003.