Section 4151.306 - Disciplinary Proceeding for Conduct Committed Before Surrender or Forfeiture of Certificate(a) The department may institute a disciplinary proceeding against a former certificate holder, or officer, director, or shareholder of a former certificate holder, for conduct committed before the effective date of a voluntary surrender or automatic forfeiture of the certificate of authority.(b) In a proceeding under this section, the fact that the certificate holder, or officer, director, or shareholder of a certificate holder, has surrendered or forfeited the certificate does not affect the former certificate holder's, or officer, director, or shareholder of a former certificate holder's, culpability for the conduct that is the subject of the proceeding.Tex. Ins. Code § 4151.306
Added by Acts 2007, 80th Leg., R.S., Ch. 1176, Sec. 1.21, eff. 9/1/2007.