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Tex. Insurance Code § 842.156

COMPENSATION OF CERTAIN OFFICERS AND EMPLOYEES

Texas · Texas Insurance Code · Status: effective

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Tex. Insurance Code § 842.156, COMPENSATION OF CERTAIN OFFICERS AND EMPLOYEES, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/679376
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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.