In connection with the administration, management, or conduct of the company, the company's business, or a related matter, a board member, the president, or an officer or employee of the company is not personally liable in the individual's private capacity for an act performed or a contract or other obligation entered into or undertaken in the individual's official capacity in good faith and without intent to defraud.
Tex. Ins. Code § 2054.105
PERSONAL LIABILITY OF BOARD MEMBERS, OFFICERS, AND EMPLOYEES
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.