Tex. Ins. Code § 823.453
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
If it appears to the commissioner that a person has entered into a transaction or performed an act before complying with the applicable provisions of this chapter or has obtained the commissioner's approval of or acquiescence in a transaction or act that is subject to this chapter based on a material fraudulent misrepresentation, misstatement, or omission, the commissioner, after notice and opportunity for a hearing, by order may void the transaction or act and return the parties to the position they would have occupied if the transaction or act had not occurred.
Tex. Ins. Code § 823.453