Tex. Insurance Code § 562.251
This is the official text of Tex. Insurance Code § 562.251, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 562.251. ACCEPTANCE OF ASSURANCE.
Official statutory text
(a) In administering this chapter, the department may accept assurance of voluntary compliance from a person who is engaging in, has engaged in, or is about to engage in an act or practice in violation of this chapter or Section 17.46, Business & Commerce Code.
(b) The assurance must be in writing and be filed with the department.
(c) The department may condition acceptance of an assurance of voluntary compliance on the stipulation that the person offering the assurance restore to a person in interest money that may have been acquired by the act or practice described in Subsection (a).
(b) The assurance must be in writing and be filed with the department.
(c) The department may condition acceptance of an assurance of voluntary compliance on the stipulation that the person offering the assurance restore to a person in interest money that may have been acquired by the act or practice described in Subsection (a).
Status: in_force · Read it on the official government site
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