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Texas Insurance Code - INS § 542.010. Cease and Desist Order; Enforcement

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

(a) If the department determines that an insurer has violated this subchapter, the department shall issue a cease and desist order to the insurer directing the insurer to stop the unlawful practice.

(b) If the insurer fails to comply with the cease and desist order, the department may:

(1) revoke or suspend the insurer's certificate of authority; or

(2) limit, regulate, and control:

(A) the insurer's line of business;

(B) the insurer's writing of policy forms or other particular forms; and

(C) the volume of the insurer's:

(i) line of business; or

(ii) writing of policy forms or other particular forms.

(c) The department shall exercise authority under this section to the extent that the department determines is necessary to obtain the insurer's compliance with the cease and desist order.

(d) At the request of the department, the attorney general shall assist the department in enforcing the cease and desist order.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 542.010. Cease and Desist Order; Enforcement - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-542-010/

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