Texas Insurance Code - Section 84.022. Penalty Amount
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§ 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, § 1, eff. Sept. 1, 1999.
Section: 83.151 83.152 83.153 84.001 84.002 84.003 84.021 84.022 84.041 84.042 84.043 84.044 84.045 84.046 84.047
Last modified: August 10, 2007
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