Terms Used In Texas Insurance Code 7001.008

  • Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005

The department may conduct a criminal background check on:
(1) the individuals responsible for conducting the program operator’s affairs;
(2) each member of the board of directors, board of trustees, executive committee, or other governing board or committee;
(3) the officers of the program operator;
(4) any contracted management company personnel; and
(5) any person owning or having the right to acquire 10 percent or more of the voting securities of the program operator.