Tex. Ins. Code Section 2202.201
Grounds for Denial of Certificate of Authority or for Disciplinary Action

The commissioner may deny an application for a certificate of authority or discipline a certificate holder under this subchapter if the commissioner finds that the applicant or certificate holder, or an officer or director of an applicant or certificate holder:

(1)

wilfully violated or participated in the violation of this chapter or any other insurance law of this state;

(2)

intentionally made a material misstatement in the original or renewal application;

(3)

obtained or attempted to obtain the certificate by fraud or misrepresentation;

(4)

misappropriated, converted to a personal or other inappropriate use, or illegally withheld money required to be held in a fiduciary capacity;

(5)

has been convicted of a felony or convicted of a misdemeanor of which criminal fraud is an essential element; or

(6)

is incompetent or untrustworthy.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.

Source: Section 2202.201 — Grounds for Denial of Certificate of Authority or for Disciplinary Action, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­2202.­htm#2202.­201 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 2202.201’s source at texas​.gov