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Texas Insurance Code - INS § 883.703. False Statement or Misappropriation

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

(a) A person commits an offense if the person intentionally submits a false statement or misappropriates the funds of a mutual insurance company organized under the laws providing for the incorporation of mutual fire, lightning, hail, and storm insurance companies.

(b) An offense under this section is a felony punishable by confinement in the Texas Department of Criminal Justice for not less than 5 years or more than 10 years.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 883.703. False Statement or Misappropriation - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-883-703/

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