Sec. 463.055.  TERM; VACANCY.  (a)  Board members serve staggered six-year terms, with the terms of three members expiring each odd-numbered year.  A member may be reappointed.
(b)  A board member shall serve until a successor is appointed.
(c)  If a board member who is an officer or employee of a member insurer ceases to be an officer or employee of the insurer, the member's office becomes vacant.
(d)  The commissioner shall appoint an individual to fill a vacancy on the board for the unexpired term.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.