Texas Insurance Code § 801.152 Revocation Of Certificate

Sec. 801.152. REVOCATION OF CERTIFICATE. After notice and hearing, the department may revoke the certificate of authority of an insurer if a corporate officer or member of the board of directors of the insurer is convicted of a felony involving:

(1) moral turpitude; or

(2) breach of a fiduciary duty.

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.

Section: Previous  801.001  801.002  801.051  801.052  801.053  801.054  801.055  801.056  801.057  801.101  801.102  801.151  801.152  801.153  801.154  Next

Last modified: September 28, 2016