Sec. 4051.361. ADMINISTRATIVE PENALTY. If the department determines that an insurer has violated this subchapter, the insurer is subject to an administrative penalty as provided by Chapter 84 of not less than $1,000 or more than $10,000.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.
Structure Texas Statutes
Title 13 - Regulation of Professionals
Chapter 4051 - Property and Casualty Agents
Subchapter H. Termination or Suspension of Agent Contracts by Property and Casualty Insurers
Section 4051.351. Applicability of Subchapter
Section 4051.352. Suspension of Agent's Contract; Other Definitions
Section 4051.353. Notice Required Before Termination or Suspension of Contract
Section 4051.355. Renewal of Insurance Contracts After Notice of Termination or Suspension
Section 4051.356. Insurer Refusal to Renew Agent's Business Prohibited
Section 4051.357. Insurer Approval for New Business or Increase in Liability
Section 4051.359. Payment of Money Due Insurer
Section 4051.360. Revision of Termination Provisions of Agent's Contract