Texas Insurance Code 2054.055 – Vacancies
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(a) The governor shall fill a vacancy in the appointed board members by appointment with the advice and consent of the senate.
(b) A vacancy in the elected board members shall be filled as provided by the company’s bylaws.
Terms Used In Texas Insurance Code 2054.055
- Advice and consent: Under the Constitution, presidential nominations for executive and judicial posts take effect only when confirmed by the Senate, and international treaties become effective only when the Senate approves them by a two-thirds vote.
(c) If a vacancy occurs before the date the vacating member’s term expires, the successor member shall be appointed or elected for a term that expires on the same date as the vacating member’s term.