Texas Statutes
§ 154.406 — ADMINISTRATIVE PENALTY.
Texas § 154.406
JurisdictionTexas
Code FIFinance Code
This text of Texas § 154.406 (ADMINISTRATIVE PENALTY.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Finance Code Code Ann. § 154.406 (2026).
Text
Sec. 154.406. ADMINISTRATIVE PENALTY.
(a)After notice and opportunity for hearing, the commissioner may impose an administrative penalty on a person who:
(1)violates this chapter or a final order of the commissioner or rule of the commission and does not correct the violation before the 31st day after the date the person receives written notice of the violation from the department; or
(2)engages in a pattern of violations, as determined by the commissioner.
(b)The amount of the penalty for each violation may not exceed $1,000 for each day the violation occurs.
(c)In determining the amount of the penalty, the commissioner shall consider the seriousness of the violation, the person's history of violations, and the person's good faith in attempting to comply with this chapter.
(d)The im
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Related
Texas Department of Banking v. Mount Olivet Cemetery Ass'n
27 S.W.3d 276 (Court of Appeals of Texas, 2000)
Legislative History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 2001, 77th Leg., ch. 699, Sec. 11, eff. Sept. 1, 2001; Acts 2001, 77th Leg., ch. 867, Sec. 82, eff. Sept. 1, 2001; Acts 2003, 78th Leg., ch. 1276, Sec. 8.003, eff. Sept. 1, 2003.
Nearby Sections
15
§ 154.001
PURPOSE.§ 154.002
DEFINITIONS.§ 154.003
EFFECT ON INSURANCE LAWS.§ 154.004
GROUP INSURANCE CONTRACTS.§ 154.051
ADMINISTRATION OF CHAPTER; FEES.§ 154.052
ANNUAL REPORT.§ 154.053
RECORDS; EXAMINATION.§ 154.054
EXAMINATION FEE.§ 154.056
PAYMENT OF RESTITUTION MONEY.§ 154.101
PERMIT REQUIREMENT.§ 154.102
PERMIT APPLICATION; FEE.§ 154.103
ISSUANCE OF PERMIT.§ 154.104
TERM OF PERMIT.§ 154.105
PROHIBITION ON TRANSFER OF PERMIT.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 154.406, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/FI/154.406.