Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 751.351 - Sanctions(a) The commissioner may impose sanctions under Chapter 82 against an insurer determined, as a result of a market conduct action or other action under this chapter, to have violated this code, a rule adopted under this code, or another insurance law of this state.(b) In determining an appropriate sanction under Subsection (a) the commissioner shall consider:(1) any actions taken by the insurer to maintain membership in, and comply with the standards of, best-practice organizations that promote high ethical standards of conduct in the insurance marketplace; and(2) the extent to which the insurer maintains regulatory compliance programs to self-assess, self-report, and remediate problems detected by the insurer.Added by Acts 2005, 79th Leg., Ch. 291, Sec. 3, eff. 9/1/2005.