Tex. Ins. Code Section 830.012
Administrative Penalty


(a)

An insurer that, without good cause, fails to timely file the summary report as required by this chapter commits a violation subject to an administrative penalty under Chapter 84 (Administrative Penalties).

(b)

Each day the violation continues is a separate violation for purposes of this section.

(c)

The commissioner may reduce the amount of the penalty assessed under this section if the insurer demonstrates to the commissioner that the imposition of the penalty would constitute a financial hardship to the insurer.
Added by Acts 2015, 84th Leg., R.S., Ch. 39 (S.B. 655), Sec. 1, eff. May 19, 2015.

Source: Section 830.012 — Administrative Penalty, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­830.­htm#830.­012 (accessed May 25, 2024).

Accessed:
May 25, 2024

§ 830.012’s source at texas​.gov