Tex. Insurance Code § 553.004
This is the official text of Tex. Insurance Code § 553.004, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 553.004. EXAMINATION; ENFORCEMENT.
Official statutory text
(a) If the commissioner considers it necessary, the commissioner may initiate an examination of an insurer under Sections 401.051, 401.052, and 401.054-401.062.
(b) If the commissioner believes that an insurer is violating or has violated this chapter, the commissioner may:
(1) impose a sanction under Chapter 82;
(2) issue a cease and desist order under Chapter 83;
(3) assess an administrative penalty under Chapter 84; or
(4) refer the matter to the attorney general for appropriate enforcement.
(b) If the commissioner believes that an insurer is violating or has violated this chapter, the commissioner may:
(1) impose a sanction under Chapter 82;
(2) issue a cease and desist order under Chapter 83;
(3) assess an administrative penalty under Chapter 84; or
(4) refer the matter to the attorney general for appropriate enforcement.
Status: in_force · Read it on the official government site
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