Texas Insurance Code - Not Codified - Article 5.22. Penalties
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Art. 5.22. PENALTIES. (a) The Board may suspend the license
of any advisory organization licensed under Article 5.73 of this
code, insurer or agent which fails to comply with an order of the
Board within the time limited by such order, or any extension
thereof which the Board may grant. The Board shall not suspend the
license of any advisory organization, agent or insurer for failure
to comply with an order until the time prescribed for an appeal
therefrom has expired or, if an appeal has been taken, until such
order has been affirmed. The Board may determine when a suspension
of license shall become effective and it shall remain in effect for
the period fixed by it, unless it modifies or rescinds such
suspension or until the order upon which such suspension is based is
modified, rescinded or reversed.
(b) No license shall be suspended except upon a written
order of the Board, stating its findings, made after a hearing held
upon not less than ten (10) days' notice to such person or
organization specifying the alleged violation.
Acts 1951, 52nd Leg., ch. 491.
Amended by Acts 1991, 72nd Leg., ch. 242, Sec. 2.22, eff. Sept. 1,
1991.
Article: 5.15-2 5.15-3 5.15-4 5.18 5.19 5.20 5.21 5.22 5.23 5.25 5.25,
ante
Art 5.25-1 5.25-2
Last modified: August 11, 2007
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