Sec. 651.208. OFFENSE. (a) A person commits an offense if the person:
(1) intentionally, knowingly, recklessly, or negligently engages in the operation of an insurance premium finance company and does not hold a license issued under this chapter;
(2) intentionally, knowingly, recklessly, or negligently violates this chapter;
(3) intentionally or knowingly omits to state a material fact necessary to give the commissioner or the department information lawfully required of the person; or
(4) refuses to permit an investigation or examination authorized under this chapter.
(b) An offense under this section is a Class B misdemeanor.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.
Structure Texas Statutes
Title 5 - Protection of Consumer Interests
Subtitle E - Premium Financing
Chapter 651 - Financing of Insurance Premiums
Subchapter E. Disciplinary Procedures and Penalties; Offenses
Section 651.201. Examinations and Investigations of License Holders
Section 651.202. Confidentiality of Reports and Related Material
Section 651.203. Hearings and Investigations; Subpoena Power
Section 651.204. Revocation or Suspension of License
Section 651.205. Issuance of Revocation or Suspension Order
Section 651.206. Surrender of License; Effect