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

Tex. Insurance Code § 846.102: DUTIES OF BOARD MEMBERS.

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 846. MULTIPLE EMPLOYER WELFARE ARRANGEMENTS
SUBCHAPTER C. BOARD MEMBERS; OTHER OFFICERS AND PERSONNEL

(a) The board members of a multiple employer welfare arrangement are responsible for all operations of the arrangement and shall take all necessary precautions to safeguard the assets of the arrangement.

(b) A board member shall give the attention and exercise the vigilance, diligence, care, and skill that a prudent person would use in like or similar circumstances.

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

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

Browse this collection