TX HB4432

Narrows the family relationship disqualification for Texas Mutual Insurance Company board members from second degree to first degree by consanguinity or affinity, and removes the prohibition on household members

Removes the broad disqualification for individuals registered or licensed under the Insurance Code, replacing it with a specific prohibition on licensed insurance agents

Prohibits board service by individuals who serve as employees, officers, directors, or consultants for any insurer writing workers' compensation insurance in Texas or its affiliates

Prohibits board members from owning, controlling, having a financial interest in, or participating in management of workers' compensation insurers or their affiliates operating in Texas

Allows current board members serving before the effective date to complete their terms regardless of the new qualification requirements

Takes effect immediately with two-thirds legislative vote, otherwise September 1, 2025