House Gives Final Approval to TMIC Board Revisions

State lawmakers on Friday gave final approval to a bill that would modify criteria for serving on the Texas Mutual Insurance Co. board of directors. The state House of Representatives on Friday voted 122-0 to pass SB 2077, by Sen. Judith Zaffirini, D-Laredo. The Senate voted 31-0 to pass the bill April 16. SB 2077 would revise the prohibition on appointing board members licensed under the Insurance Code to instead apply to registered or licensed insurance agents. The bill would also prohibit a person who is an employee, officer, director or consultant for an insurer writing work comp insura...