Sec. 83.104. IMPOSITION OF ADMINISTRATIVE PENALTY; RESTITUTION. (a) After a hearing, if the commissioner determines that an order has been violated, the commissioner may:
(1) impose an administrative penalty of $25,000 for each act of violation;
(2) direct the person against whom the order was issued to make complete restitution to each Texas resident, Texas insured, and entity operating in this state that is harmed by the violation; or
(3) impose the penalty and direct restitution.
(b) A person directed to make restitution shall make the restitution in the form and amount and within the period determined by the commissioner.
Added by Acts 1999, 76th Leg., ch. 101, Sec. 1, eff. Sept. 1, 1999.
Structure Texas Statutes
Title 2 - Texas Department of Insurance
Subtitle B - Discipline and Enforcement
Chapter 83 - Emergency Cease and Desist Orders
Section 83.101. Authority of Commissioner
Section 83.102. Determination of Violation
Section 83.103. Hearing on Administrative Penalty
Section 83.104. Imposition of Administrative Penalty; Restitution