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Texas Insurance Code - INS § 2651.157. Enforcement;  Hearing

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

(a) After notice and hearing, the department may revoke the license or certificate of authority of a title insurance agent, direct operation, or title insurance company that:

(1) fails to furnish an audit report in the time required;  or

(2) furnishes an audit report that reveals any irregularity, including a shortage, or any practice not in keeping with sound, honest business practices.

(b) The notice must be provided to the agent, the direct operation, or each title insurance company involved.

(c) At a hearing under this section, the agent, direct operation, or title insurance company may offer evidence explaining or excusing a failure or irregularity.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 2651.157. Enforcement;  Hearing - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-2651-157/

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