Texas Insurance Code - Section 83.104. Imposition Of Administrative Penalty; Restitution
Legal Research Home >
Texas Lawyer > Insurance Code > Texas Insurance Code - Section 83.104. Imposition Of Administrative Penalty; Restitution
§ 83.104. IMPOSITION OF ADMINISTRATIVE PENALTY;
RESTITUTION. (a) After a hearing, if the commissioner determines
that an order has been violated, the commissioner may:
(1) impose an administrative penalty of $25,000 for
each act of violation;
(2) direct the person against whom the order was
issued to make complete restitution to each Texas resident, Texas
insured, and entity operating in this state that is harmed by the
violation; or
(3) impose the penalty and direct restitution.
(b) A person directed to make restitution shall make the
restitution in the form and amount and within the period determined
by the commissioner.
Added by Acts 1999, 76th Leg., ch. 101, § 1, eff. Sept. 1, 1999.
Section: 83.052 83.053 83.054 83.055 83.101 83.102 83.103 83.104 83.105 83.151 83.152 83.153 84.001 84.002 84.003
Last modified: August 11, 2007
|
