Tex. Ins. Code § 2502.056

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 2502.056 - Monetary Forfeiture
(a) A person who pays or receives a commission, rebate, discount, or other thing of value for soliciting or referring title insurance business in violation of Section 2502.051 is engaging in the unauthorized business of insurance.
(b) After notice and opportunity for hearing, a person who makes or receives a payment described by Subsection (a) is liable for a monetary forfeiture in an amount not less than the value of or more than three times the value of the payment.
(c) A monetary forfeiture under Subsection (b) is in addition to any other penalty provided by law.

Tex. Ins. Code § 2502.056

Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. 4/1/2005.