The board of directors may not vote on a proposed rate increase if:
(1) there is a vacancy on the board; and
(2) the vacancy has existed for at least 60 days at the time the vote is to be taken.
Tex. Ins. Code § 2210.3512
REQUIREMENT FOR VOTE ON RATE FILING
Known as the Texas Windstorm Insurance Association Act
The act spans §§ 2210.001 to 2210.705 (181 sections).
Added by Acts 2021, 87th Leg., R.S., Ch. 639 (H.B. 769), Sec. 1, 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.