Sec. 1153.702. PENALTY. (a) An individual, firm, or corporation who violates a final order issued under this chapter is liable to the state in a civil action for a penalty of not more than:
(1) $250; or
(2) $1,000, if the court finds the violation to be wilful.
(b) The penalty provided by this section is in addition to any other penalty provided by law.
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