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Tex. Insurance Code § 911.059

ELIGIBILITY OF BOARD OF DIRECTORS; TERM

Texas · Texas Insurance Code · Status: effective

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Tex. Insurance Code § 911.059, ELIGIBILITY OF BOARD OF DIRECTORS; TERM, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/680365
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(a) An individual is eligible to serve as a director of a farm mutual insurance company if the individual is a policyholder who maintains insurance coverage in the amount of at least $3,000 written by the company on the individual's property. (b) Except as otherwise provided by the company's bylaws or constitution, a director serves for a term of one year or until the director's successor qualifies for office.