Tex. Ins. Code § 541.351

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 541.351 - Acceptance of Assurance
(a) In administering this chapter, the department may accept assurance of voluntary compliance from a person who is engaging in, has engaged in, or is about to engage in an act or practice in violation of:
(1) this chapter or a rule adopted under this chapter; or
(2) Section 17.46, Business & Commerce Code.
(b) The assurance must be in writing and be filed with the department.
(c) The department may condition acceptance of an assurance of voluntary compliance on the stipulation that the person offering the assurance restore to a person in interest money that may have been acquired by the act or practice described in Subsection (a).

Tex. Ins. Code § 541.351

Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. 4/1/2005.