Sec. 827.007. PENALTIES. The commissioner may impose the civil penalties under Chapter 82 on an insurer that fails to obtain the commissioner's approval before the insurer:
(1) withdraws from writing a line of insurance in this state; or
(2) reduces the insurer's total annual premium volume by 75 percent or more in any year.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
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