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Texas Insurance Code - INS § 2001.007. Criminal Penalty

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) An officer or director of a fire insurance company described by Section 2001.001, or an agent or person acting on behalf of or employed by a fire insurance company described by Section 2001.001, commits an offense if the officer, director, agent, or person intentionally:

(1) performs or causes to be performed, alone or in conjunction with a corporation, company, or person, an act prohibited by a law described by Section 2001.001(a);

(2) fails to perform an act required to be performed by a law described by Section 2001.001(a);

(3) permits an act prohibited by a law described by Section 2001.001(a); or

(4) otherwise violates a law described by Section 2001.001(a).

(b) An offense under this section is a misdemeanor punishable by a fine of not less than $300 or more than $1,000.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 2001.007. Criminal Penalty - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-2001-007/

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