Sec. 827.007. PENALTIES. The commissioner may impose the civil penalties under Chapter 82 on an insurer that fails to obtain the commissioner's approval before the insurer:
(1) withdraws from writing a line of insurance in this state; or
(2) reduces the insurer's total annual premium volume by 75 percent or more in any year.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Structure Texas Statutes
Title 6 - Organization of Insurers and Related Entities
Subtitle B - Organization of Regulated Entities
Chapter 827 - Withdrawal and Restriction Plans
Section 827.003. Withdrawal Plan Required
Section 827.004. Provisions of Withdrawal Plan
Section 827.005. Approval of Withdrawal Plan
Section 827.006. Resumption of Writing Insurance After Complete Withdrawal
Section 827.008. Restriction Plan