Texas § 751.351 SANCTIONS.

Texas Statutes

§ 751.351 — SANCTIONS.

Texas § 751.351

Code INInsurance Code

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Tex. Insurance Code Code Ann. § 751.351 (2026).

Text

Sec. 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.

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Sec. 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.