A board member may not receive compensation from the association for the member's services but may be reimbursed from the association's assets for expenses incurred as a board member.
Tex. Ins. Code § 463.056
COMPENSATION OF BOARD MEMBERS
Known as the Texas Life and Health Insurance Guaranty Association Act
The act spans §§ 463–463 (82 sections).
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), 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.