Sec. 830.012. ADMINISTRATIVE PENALTY. (a) An insurer that, without good cause, fails to timely file the summary report as required by this chapter commits a violation subject to an administrative penalty under Chapter 84.
(b) Each day the violation continues is a separate violation for purposes of this section.
(c) The commissioner may reduce the amount of the penalty assessed under this section if the insurer demonstrates to the commissioner that the imposition of the penalty would constitute a financial hardship to the insurer.
Added by Acts 2015, 84th Leg., R.S., Ch. 39 (S.B. 655), Sec. 1, eff. May 19, 2015.
Section: Previous 830.001 830.002 830.003 830.004 830.005 830.006 830.007 830.008 830.009 830.010 830.011Last modified: September 28, 2016