Tex. Insurance Code § 562.160
This is the official text of Tex. Insurance Code § 562.160, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 562.160. ADMINISTRATIVE PENALTY FOR VIOLATION OF CEASE AND DESIST ORDER.
Official statutory text
(a) A person who violates a cease and desist order issued under Section 562.158 is subject to an administrative penalty under Chapter 84.
(b) In determining whether a person has violated a cease and desist order, the department shall consider the maintenance of procedures reasonably adapted to ensure compliance with the order.
(c) An administrative penalty imposed under this section may not exceed:
(1) $1,000 for each violation; or
(2) $5,000 for all violations.
(d) An order of the department imposing an administrative penalty under this section applies only to a violation of the cease and desist order committed before the date the order imposing the penalty is issued.
(b) In determining whether a person has violated a cease and desist order, the department shall consider the maintenance of procedures reasonably adapted to ensure compliance with the order.
(c) An administrative penalty imposed under this section may not exceed:
(1) $1,000 for each violation; or
(2) $5,000 for all violations.
(d) An order of the department imposing an administrative penalty under this section applies only to a violation of the cease and desist order committed before the date the order imposing the penalty is issued.
Status: in_force · Read it on the official government site
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