Tex. Ins. Code § 830.012

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 830.012 - Administrative Penalty
(a) An insurer that, without good cause, fails to timely file the summary report as required by this chapter commits a violation subject to an administrative penalty under Chapter 84.
(b) Each day the violation continues is a separate violation for purposes of this section.
(c) The commissioner may reduce the amount of the penalty assessed under this section if the insurer demonstrates to the commissioner that the imposition of the penalty would constitute a financial hardship to the insurer.

Tex. Ins. Code § 830.012

Added by Acts 2015, Texas Acts of the 84th Leg. - Regular Session, ch. 39,Sec. 1, eff. 5/19/2015.