Texas Insurance Code § 1806.156 Acceptance Of Rebate Or Other Inducement; Criminal Penalty

Sec. 1806.156. ACCEPTANCE OF REBATE OR OTHER INDUCEMENT; CRIMINAL PENALTY. (a) A person commits an offense if the person knowingly receives or accepts from an insurer, an insurer's agent, broker, or other representative, or any other person a rebate of premium payable on an insurance policy, or a special favor or advantage in dividends or other financial profits accrued or to accrue on the policy, or any valuable consideration, position or inducement not specified in the policy.

(b) An offense under this section is punishable by:

(1) a fine of not more than $100;

(2) confinement in jail for not more than 90 days; or

(3) both a fine and confinement under this subsection.

Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.

Section: Previous  1806.059  1806.101  1806.102  1806.103  1806.104  1806.1041  1806.105  1806.106  1806.107  1806.151  1806.152  1806.153  1806.154  1806.1541  1806.155

Last modified: September 28, 2016