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§ 403.102. PENALTIES FOR CERTAIN INSURERS. The department may revoke the charter of a life, health, fire, marine, or inland marine insurance company organized under the laws of this state that pays a dividend in violation of Sections 403.001 and 403.052. If the department revokes a company's charter under this section, the department shall immediately revoke the company's certificate of authority. Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.

Section: Previous 402.104 403.001 403.002 403.051 403.052 403.053 403.101 403.102 404.001 404.002 404.003 404.004 404.005 404.006 404.051 Next

Last modified: August 11, 2007

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Texas Insurance Code - Section 403.102. Penalties For Certain Insurers

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