Terms Used In Texas Insurance Code 942.055

  • Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC

The attorney in fact shall maintain the offices of the exchange at the places designated by the subscribers in the power of attorney or other authorization.