Texas Statutes
§ 861.702 — PENALTY.
Texas § 861.702
JurisdictionTexas
Code INInsurance Code
This text of Texas § 861.702 (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. Insurance Code Code Ann. § 861.702 (2026).
Text
Sec. 861.702. PENALTY. A general casualty company that violates Section 861.101 is subject to a penalty of $100 for each day the company writes new business in this state without the certificate of authority required by that section.
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Legislative History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Nearby Sections
15
§ 861.001
DEFINITIONS.§ 861.051
FORMATION OF COMPANY AUTHORIZED.§ 861.053
PRELIMINARY OFFICERS AND DIRECTORS.§ 861.054
SUBSCRIPTION OF STOCK.§ 861.055
ORGANIZATIONAL MEETING.§ 861.101
CERTIFICATE OF AUTHORITY REQUIRED.§ 861.151
AUTHORITY OF BOARD OF DIRECTORS.§ 861.152
GENERAL POWERS OF COMPANY.§ 861.153
AUTHORIZED SHARES.§ 861.154
DIVIDENDS.§ 861.201
KINDS OF INSURANCE AUTHORIZED.§ 861.251
MINIMUM CAPITAL AND SURPLUS.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 861.702, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/IN/861.702.