Tex. Ins. Code § 553.004

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 553.004 - Examination; Enforcement

(a) If the commissioner considers it necessary, the commissioner may initiate an examination of an insurer under Sections 401.051, 401.052, and 401.054-401.062.

(b) If the commissioner believes that an insurer is violating or has violated this chapter, the commissioner may:

(1) impose a sanction under Chapter 82;

(2) issue a cease and desist order under Chapter 83;

(3) assess an administrative penalty under Chapter 84; or

(4) refer the matter to the attorney general for appropriate enforcement.

Tex. Ins. Code § 553.004

Amended By Acts 2007, 80th Leg., R.S., Ch. 730, Sec. 2D.014, eff. 4/1/2009.

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