Tex. Ins. Code § 801.152

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 801.152 - Revocation of Certificate

After notice and hearing, the department may revoke the certificate of authority of an insurer if a corporate officer or member of the board of directors of the insurer is convicted of a felony involving:

(1) moral turpitude; or

(2) breach of a fiduciary duty.

Tex. Ins. Code § 801.152

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. 6/1/2003.