HB 1615 -- BOARD OF DIRECTORS OF CERTAIN INSURANCE COMPANIES

SPONSOR: Allen

Currently, certain classes of insurance entities are required to maintain at least nine directors on their boards including:

(1) Life, health, and accident insurance stock companies;

(2) Mutual life insurance companies;

(3) Property and casualty stock insurance companies;

(4) Mutual insurance companies; and

(5) Reorganized insurance companies.

This bill would change the minimum number of directors to five. 

Statutes affected:
Introduced (4684H.01): 376.060, 376.100, 379.035, 379.060, 379.520, 379.590