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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) To expedite the department's processing of certain violations of this code, the commissioner by rule may establish fines for certain violations.
(b) A violation for which a fine may be assessed under this section includes a failure to:
(1) obtain the total number of continuing education hours before the expiration date of a license;
(2) timely report a change of address to the department; or
(3) notify the department of an administrative action against the agent by a financial or insurance regulator of another state or of the federal government.
(c) This section does not limit the department's authority to take any other disciplinary action against a license holder as otherwise provided by this code.
(d) The dispute of an assessment of a fine under this section is a contested case subject to Chapter 2001, Government Code.
Cite this article: FindLaw.com - Texas Insurance Code - INS § 4005.109. Fines - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-4005-109/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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