Texas § 403.101 PENALTIES.

Texas Statutes

§ 403.101 — PENALTIES.

Texas § 403.101

Code INInsurance Code

This text of Texas § 403.101 (PENALTIES.) 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. Insurance Code Code Ann. § 403.101 (2026).

Text

Sec. 403.101. PENALTIES.

(a)The department may revoke the charter of an insurer organized under the laws of this state that pays a dividend in violation of Sections 403.001 and 403.051 . If the department revokes an insurer's charter under this subsection, the department shall immediately revoke the insurer's certificate of authority.

(b)Not later than the 10th day before the date on which the department intends to revoke an insurer's certificate of authority under this section, the department shall give the insurer written notice of the department's intent. The notice must include the specific reasons for the revocation.

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Sec. 403.101. PENALTIES. (a) The department may revoke the charter of an insurer organized under the laws of this state that pays a dividend in violation of Sections 403.001 and 403.051 . If the department revokes an insurer's charter under this subsection, the department shall immediately revoke the insurer's certificate of authority.
(b) Not later than the 10th day before the date on which the department intends to revoke an insurer's certificate of authority under this section, the department shall give the insurer written notice of the department's intent. The notice must include the specific reasons for the revocation.