Texas § 403.102 PENALTIES FOR CERTAIN INSURERS.

Texas Statutes

§ 403.102 — PENALTIES FOR CERTAIN INSURERS.

Texas § 403.102

Code INInsurance Code

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Bluebook

Tex. Insurance Code Code Ann. § 403.102 (2026).

Text

Sec. 403.102. PENALTIES FOR CERTAIN INSURERS. The department may revoke the charter of a life, health, fire, marine, or inland marine insurance company organized under the laws of this state that pays a dividend in violation of Sections 403.001 and 403.052 . If the department revokes a company's charter under this section, the department shall immediately revoke the company's certificate of authority.

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Sec. 403.102. PENALTIES FOR CERTAIN INSURERS. The department may revoke the charter of a life, health, fire, marine, or inland marine insurance company organized under the laws of this state that pays a dividend in violation of Sections 403.001 and 403.052 . If the department revokes a company's charter under this section, the department shall immediately revoke the company's certificate of authority.