Tex. Ins. Code Section 751.351
Sanctions

(a)

The commissioner may impose sanctions under Chapter 82 (Sanctions) against an insurer determined, as a result of a market conduct action or other action under this chapter, to have violated this code, a rule adopted under this code, or another insurance law of this state.

(b)

In determining an appropriate sanction under Subsection (a) the commissioner shall consider:

(1)

any actions taken by the insurer to maintain membership in, and comply with the standards of, best-practice organizations that promote high ethical standards of conduct in the insurance marketplace; and

(2)

the extent to which the insurer maintains regulatory compliance programs to self-assess, self-report, and remediate problems detected by the insurer.
Added by Acts 2005, 79th Leg., Ch. 291 (S.B. 14), Sec. 3, eff. September 1, 2005.

Source: Section 751.351 — Sanctions, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­751.­htm#751.­351 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 751.351’s source at texas​.gov