Sec. 831.0013. ADMINISTRATIVE PENALTY. (a) An insurer that, without good cause, fails to timely file the disclosure as required by this chapter commits a violation subject to an administrative penalty under Chapter 84.
(b) Each day the violation continues is a separate violation for purposes of this section.
(c) The commissioner may reduce the amount of the penalty assessed under this section if the insurer demonstrates to the commissioner that the imposition of the penalty would constitute a financial hardship to the insurer.
Added by Acts 2019, 86th Leg., R.S., Ch. 1170 (H.B. 3306), Sec. 1, eff. September 1, 2019.
Structure Texas Statutes
Title 6 - Organization of Insurers and Related Entities
Subtitle B - Organization of Regulated Entities
Chapter 831 - Corporate Governance Annual Disclosure
Section 831.0001. Applicability and Purpose
Section 831.0003. Disclosure Required
Section 831.0004. Level of Reporting
Section 831.0005. Review of Disclosure; Request for Additional Information
Section 831.0006. Substantially Similar Information
Section 831.0007. Part of Examination Process
Section 831.0008. Contents of Disclosure
Section 831.0009. Confidentiality
Section 831.0010. Authority of Commissioner Not Affected
Section 831.0011. Privilege and Confidentiality Not Waived
Section 831.0012. National Association of Insurance Commissioners and Third-Party Consultants