Sec. 84.051. RELEASE OF BOND. (a) If the person gave a supersedeas bond and if the administrative penalty is not upheld by the court, the court shall order, when the judgment becomes final, the release of the bond.
(b) If the person gave a supersedeas bond and if the amount of the penalty is reduced, the court shall order the release of the bond after the person pays the reduced amount.
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 84 - Administrative Penalties
Subchapter C. Procedural Requirements
Section 84.041. Report and Notice of Violation and Penalty
Section 84.042. Penalty to Be Paid or Hearing Requested
Section 84.043. Hearing and Decision
Section 84.044. Decision by Commissioner
Section 84.045. Options Following Decision: Pay or Appeal
Section 84.046. Stay of Enforcement of Penalty
Section 84.047. Collection of Penalty
Section 84.048. Standard of Judicial Review
Section 84.049. Decision by Court