Tex. Ins. Code Section 84.022
Penalty Amount

(a)

The penalty for a violation may not exceed $25,000, unless a greater or lesser penalty is specified by this code or another insurance law of this state.

(b)

The amount of the penalty shall be based on:

(1)

the seriousness of the violation, including:

(A)

the nature, circumstances, extent, and gravity of the violation; and

(B)

the hazard or potential hazard created to the health, safety, or economic welfare of the public;

(2)

the economic harm to the public interest or public confidence caused by the violation;

(3)

the history of previous violations;

(4)

the amount necessary to deter a future violation;

(5)

efforts to correct the violation;

(6)

whether the violation was intentional; and

(7)

any other matter that justice may require.
Added by Acts 1999, 76th Leg., ch. 101, Sec. 1, eff. Sept. 1, 1999.

Source: Section 84.022 — Penalty Amount, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­84.­htm#84.­022 (accessed Apr. 29, 2024).

Green check means up to date. Up to date

Accessed:
Apr. 29, 2024

§ 84.022’s source at texas​.gov