Tex. Ins. Code Section 547.053
Enforcement Action

The department shall take action under Chapter 541 (Unfair Methods of Competition and Unfair or Deceptive Acts or Practices) against an insurer notified under Section 547.052 (Notice of Violation to Insurer’s Domiciliary State) if:

(1)

after the 30th day following the date of notice, the insurer has not stopped making, issuing, or circulating or causing to be made, issued, or circulated in this state the false misrepresentations; and

(2)

the department has reason to believe that:

(A)

the insurer is issuing or delivering insurance contracts to residents of this state or is collecting premiums on those contracts; and

(B)

a department proceeding regarding the misrepresentations is in the public interest.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.

Source: Section 547.053 — Enforcement Action, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­547.­htm#547.­053 (accessed May 4, 2024).

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Accessed:
May 4, 2024

§ 547.053’s source at texas​.gov