Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Insurance Code § 842.156: COMPENSATION OF CERTAIN OFFICERS AND EMPLOYEES.

Where this section sits in the code

INSURANCE CODE
TITLE 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES
SUBTITLE C. LIFE, HEALTH, AND ACCIDENT INSURERS AND RELATED ENTITIES
CHAPTER 842. GROUP HOSPITAL SERVICE CORPORATIONS
SUBCHAPTER D. BOARD OF DIRECTORS; PERSONNEL

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.

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

Collected 2026-08-27T01:47:21Z. Source file · JSON

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