Tex. Ins. Code § 827.007

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

Section 827.007 - Penalties

The commissioner may impose the civil penalties under Chapter 82 on an insurer that fails to obtain the commissioner's approval before the insurer:

(1) withdraws from writing a line of insurance in this state; or

(2) reduces the insurer's total annual premium volume by 75 percent or more in any year.

Tex. Ins. Code § 827.007

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