Tex. Ins. Code Section 801.151
Issuance of Certificate Prohibited

Except as provided by Sections 801.153 (Petition for Issuance or Reinstatement of Certificate) and 801.154 (Grant of Petition), the department may not issue a certificate of authority to an applicant if a corporate officer or member of the board of directors of the applicant has been convicted of a felony involving:

(1)

moral turpitude; or

(2)

breach of a fiduciary duty.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.

Source: Section 801.151 — Issuance of Certificate Prohibited, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­801.­htm#801.­151 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 801.151’s source at texas​.gov