Sec. 1153.701. COMPLIANCE ORDER. (a) If, after written notice to an insurer or other person who holds a license or other authorization issued by the commissioner and a hearing, the commissioner determines that a violation of this chapter or a rule adopted under this chapter has occurred, the commissioner shall issue the details of that determination and an order for compliance by a specified date.
(b) An order issued under this section is binding on the insurer or other person to whom it is issued on the date specified in the order unless:
(1) the order is withdrawn by the commissioner before that date; or
(2) the order is appealed under Subchapter D, Chapter 36.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.
Structure Texas Statutes
Title 7 - Life Insurance and Annuities
Subtitle C - Specialized Coverages
Chapter 1153 - Credit Life Insurance and Credit Accident and Health Insurance
Subchapter O. Enforcement of Chapter; Penalty
Section 1153.701. Compliance Order
Section 1153.703. Revocation or Suspension of Authority on Violation of Order