Tex. Ins. Code Section 751.302
Conflict of Interest

(a)

An individual who is a member of the market conduct surveillance personnel has a conflict of interest, either directly or indirectly, if the individual is affiliated with the management of, has been employed by, or owns a pecuniary interest in an insurer subject to an examination conducted under this chapter.

(b)

This section may not be construed to automatically preclude the individual from being:

(1)

a policyholder or claimant under an insurance policy;

(2)

a grantee of a mortgage or similar instrument on the individual’s residence from a regulated entity if done under customary terms and in the ordinary course of business;

(3)

an investment owner in shares of regulated diversified investment companies; or

(4)

a settlor or beneficiary of a blind trust into which any otherwise permissible holdings have been placed.
Added by Acts 2005, 79th Leg., Ch. 291 (S.B. 14), Sec. 3, eff. September 1, 2005.

Source: Section 751.302 — Conflict of Interest, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­751.­htm#751.­302 (accessed Apr. 29, 2024).

Green check means up to date. Up to date

Accessed:
Apr. 29, 2024

§ 751.302’s source at texas​.gov