Tex. Ins. Code Section 553.004
Examination; Enforcement

(a)

If the commissioner considers it necessary, the commissioner may initiate an examination of an insurer under Sections 401.051 (Duty to Examine Carriers), 401.052 (Frequency of Examination), and 401.054-401.062.

(b)

If the commissioner believes that an insurer is violating or has violated this chapter, the commissioner may:

(1)

impose a sanction under Chapter 82 (Sanctions);

(2)

issue a cease and desist order under Chapter 83 (Emergency Cease and Desist Orders);

(3)

assess an administrative penalty under Chapter 84 (Administrative Penalties); or

(4)

refer the matter to the attorney general for appropriate enforcement.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 2D.014, eff. April 1, 2009.

Source: Section 553.004 — Examination; Enforcement, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­553.­htm#553.­004 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 553.004’s source at texas​.gov