Texas Statutes
§ 942.159 — VIOLATION BY ATTORNEY IN FACT OF REQUIREMENTS REGARDING INDEMNITY CONTRACTS; CRIMINAL PENALTY.
Texas § 942.159
JurisdictionTexas
Code INInsurance Code
This text of Texas § 942.159 (VIOLATION BY ATTORNEY IN FACT OF REQUIREMENTS REGARDING INDEMNITY CONTRACTS; CRIMINAL 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. § 942.159 (2026).
Text
Sec. 942.159. VIOLATION BY ATTORNEY IN FACT OF REQUIREMENTS REGARDING INDEMNITY CONTRACTS; CRIMINAL PENALTY.
(a)An attorney in fact commits an offense if the attorney in fact:
(1)exchanges a reciprocal or interinsurance contract without first complying with the law governing the contract; or
(2)directly or indirectly solicits or negotiates an application for the contract without first complying with the law governing the contract.
(b)Subsection (a) does not apply to an action taken by an attorney in fact for the purpose of applying for a certificate of authority from the commissioner as provided by this chapter.
(c)An offense under this section is punishable by a fine of not less than $100 or more than $1,000.
SUBCHAPTER E. REGULATION OF EXCHANGES
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Legislative History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Nearby Sections
15
§ 942.001
DEFINITIONS.§ 942.052
SECURITY REQUIREMENTS.§ 942.053
SUBSCRIBER DECLARATION.§ 942.054
NAME OF EXCHANGE.§ 942.055
OFFICE LOCATIONS.§ 942.153
PRIOR AUTHORITY NOT AFFECTED.§ 942.155
FINANCIAL REQUIREMENTS.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 942.159, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/IN/942.159.