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Texas Insurance Code - INS § 403.102. Penalties for Certain Insurers

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

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 and 403.052.  If the department revokes a company's charter under this section, the department shall immediately revoke the company's certificate of authority.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 403.102. Penalties for Certain Insurers - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-403-102/

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