Tex. Ins. Code § 883.058

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 883.058 - Membership Votes

Each member of a mutual insurance company is entitled to one vote on each matter submitted to a vote unless a different number of votes is authorized by the company's bylaws based on:

(1) the insurance in force;

(2) the number of policies held by the member; or

(3) the amount of the premium paid by the member.

Tex. Ins. Code § 883.058

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. 6/1/2003.