Sec. 542.010. CEASE AND DESIST ORDER; ENFORCEMENT. (a) If the department determines that an insurer has violated this subchapter, the department shall issue a cease and desist order to the insurer directing the insurer to stop the unlawful practice.
(b) If the insurer fails to comply with the cease and desist order, the department may:
(1) revoke or suspend the insurer's certificate of authority; or
(2) limit, regulate, and control:
(A) the insurer's line of business;
(B) the insurer's writing of policy forms or other particular forms; and
(C) the volume of the insurer's:
(i) line of business; or
(ii) writing of policy forms or other particular forms.
(c) The department shall exercise authority under this section to the extent that the department determines is necessary to obtain the insurer's compliance with the cease and desist order.
(d) At the request of the department, the attorney general shall assist the department in enforcing the cease and desist order.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.
Section: Previous 542.003 542.004 542.005 542.006 542.007 542.008 542.009 542.010 542.011 542.012 542.013 542.014 542.051 542.052 542.053 NextLast modified: September 28, 2016