Tex. Ins. Code Section 403.102
Penalties for Certain Insurers

The department may revoke the charter of a life, health, fire, marine, or inland marine insurance company organized under the laws of this state that pays a dividend in violation of Sections 403.001 (Limitation on Dividends) and 403.052 (Estimate of Profits of Certain Insurers). If the department revokes a company’s charter under this section, the department shall immediately revoke the company’s certificate of authority.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.

Source: Section 403.102 — Penalties for Certain Insurers, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­403.­htm#403.­102 (accessed May 25, 2024).

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Accessed:
May 25, 2024

§ 403.102’s source at texas​.gov