Texas Insurance Code 463.056 – Compensation of Board Members
Current as of: 2024 | Check for updates
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Terms Used In Texas Insurance Code 463.056
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
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.