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Texas Insurance Code - INS § 548.201. Offenses; Criminal Penalty

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

(a) A person commits an offense if the person intentionally:

(1) violates this chapter or a rule adopted under this chapter; or

(2) makes or causes to be made a statement that is false or misleading with respect to a material fact in a document required to be filed by this chapter or a rule adopted under this chapter.

(b) Except as provided by Subsection (c), an offense under this section is punishable by:

(1) a fine not to exceed $10,000;

(2) imprisonment for not more than two years; or

(3) both the fine and imprisonment.

(c) A person may not be punished by imprisonment for violating a rule as prescribed by this section if the person proves that the person had no knowledge of the rule.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 548.201. Offenses; Criminal Penalty - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-548-201/

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