Tex. Ins. Code Section 981.006
Sanctions


Chapter 82 (Sanctions) applies to a surplus lines agent or an eligible surplus lines insurer that violates:

(1)

this chapter;

(2)

Chapter 225 (Surplus Lines Insurance Premium Tax); or

(3)

a rule or order adopted under Subchapter B or B-1 or Section 981.005 (Validity of Contracts).
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 2E.126, eff. April 1, 2009.
Acts 2017, 85th Leg., R.S., Ch. 854 (H.B. 2492), Sec. 4, eff. January 1, 2018.

Source: Section 981.006 — Sanctions, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­981.­htm#981.­006 (accessed Mar. 23, 2024).

981.001
Purpose
981.002
Definitions
981.003
Applicability of Chapter
981.004
Surplus Lines Insurance Authorized
981.005
Validity of Contracts
981.006
Sanctions
981.007
Liability of Surplus Lines Insurer for Losses and Unearned Premiums
981.008
Surplus Lines Insurance Premium Tax
981.009
Rules
981.0031
Exempt Commercial Purchaser Defined
981.0032
Qualified Risk Manager Defined
981.0033
Industrial Insured Defined
981.051
Authorization Required
981.054
Certain Preconditions Not Allowed
981.057
Minimum Capital and Surplus Requirements
981.058
Alien Insurers
981.063
Commissioner or Department Not Responsible for Determining Unauthorized Insurer’s Financial Condition or Claims Practices
981.064
Commissioner May Order Revocation of Contracts
981.065
Applicability to Contract Extension
981.066
Uniform Standards
981.071
Definition
981.072
Designation as Domestic Surplus Lines Insurer
981.073
Applicability of Other Law
981.074
Authorized Business
981.075
Taxes Imposed
981.076
Requirements for Domestic Surplus Lines Documents
981.077
Redomestication
981.101
Requirements for Surplus Lines Documents
981.102
Limit on Use of Surplus Lines Policy or Contract Forms
981.103
Delivery to Insured of Surplus Lines Documents
981.104
Delivery to Insured of Revised Surplus Lines Documents
981.105
Filing with Stamping Office
981.151
Status as Nonprofit Association
981.152
Board of Directors
981.153
Plan of Operation
981.154
Powers and Duties
981.155
Supervision by Commissioner
981.156
Examination by Commissioner
981.157
Immunity from Liability
981.158
Exemption from Public Information Law
981.159
Exemption from Library and Archives Law
981.160
No Enforcement Authority
981.201
Definition
981.202
Surplus Lines License Required
981.203
Qualifications for Surplus Lines License
981.204
Classification of Surplus Lines Agents
981.210
Placement of Coverage
981.211
Financial Condition of Surplus Lines Insurers
981.212
Accepting Surplus Lines Insurance from Other Agents
981.213
Filing Contract with Stamping Office
981.214
Compliance with Stamping Office Plan of Operation
981.215
Surplus Lines Agent Records
981.216
Annual Report
981.217
Notice to Department Required
981.218
Department Monitoring of Surplus Lines Agents
981.219
Advertising
981.220
Managing General Agents
981.221
Suspension or Revocation of License
981.222
Applicability of Other Law
981.223
Managing Underwriters

Accessed:
Mar. 23, 2024

§ 981.006’s source at texas​.gov