Tex. Insurance Code § 651.204
This is the official text of Tex. Insurance Code § 651.204, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 651.204. REVOCATION OR SUSPENSION OF LICENSE.
Official statutory text
After notice and hearing, the department may revoke or suspend a license if:
(1) the department finds:
(A) that the license holder has violated this chapter or a rule adopted by the commissioner under this chapter; or
(B) the existence of a fact or condition that, if the fact or condition existed at the time of the original application for the license, clearly would have warranted the refusal of the license; or
(2) the department learns from any source that the license holder has failed to return all amounts due from an insurance premium finance company to the person whose insurance policy has been canceled as required by Section 651.162.
(1) the department finds:
(A) that the license holder has violated this chapter or a rule adopted by the commissioner under this chapter; or
(B) the existence of a fact or condition that, if the fact or condition existed at the time of the original application for the license, clearly would have warranted the refusal of the license; or
(2) the department learns from any source that the license holder has failed to return all amounts due from an insurance premium finance company to the person whose insurance policy has been canceled as required by Section 651.162.
Status: in_force · Read it on the official government site
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