Tex.
Ins. Code Section 4102.201
Denial, Suspension, or Revocation of License
(a)
The commissioner may deny an application for a license under this chapter or suspend or revoke a license issued under this chapter on the basis of:(1)
a violation of this chapter or of any rule adopted by the commissioner under this chapter;(2)
a cause that constitutes grounds for denial of an original license;(3)
misrepresentation or fraud in obtaining a license;(4)
failure to pass a required license examination;(5)
the misappropriation or conversion of money required to be held in a fiduciary capacity;(6)
material misrepresentation, with intent to deceive, of the terms of an insurance contract;(7)
engaging in a fraudulent transaction;(8)
demonstrated incompetence or untrustworthiness in the conduct of the license holder’s affairs under the license, as determined by the commissioner;(9)
conviction of a felony by a final judgment in a court of competent jurisdiction; or(10)
material misrepresentation, with intent to deceive, of the person’s status as a public insurance adjuster.(b)
If the department proposes to refuse to issue an original license under this chapter or to suspend, revoke, or refuse to renew a license under this chapter, the person affected is entitled to notice and hearing as provided by Section 4005.104 (Hearing).(c)
A final order entered as a result of a hearing under this section may be appealed to a court of competent jurisdiction as provided by Subchapter D (Action Subject to Judicial Review), Chapter 36 (Department Rules and Procedures).(d)
An order suspending a license issued under this chapter must specify the period of the suspension not to exceed 12 months.(e)
The holder of a license that is revoked or suspended for cause shall surrender the license to the commissioner on demand.(f)
The commissioner may issue a license or reinstate a suspended or revoked license on a finding that the cause for suspension, revocation, or refusal no longer exists.
Source:
Section 4102.201 — Denial, Suspension, or Revocation of License, https://statutes.capitol.texas.gov/Docs/IN/htm/IN.4102.htm#4102.201 (accessed Jun. 5, 2024).
