Tex. Insurance Code § 801.151

This is the official text of Tex. Insurance Code § 801.151, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.

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§ 801.151. ISSUANCE OF CERTIFICATE PROHIBITED.

Official statutory text

Except as provided by Sections 801.153 and 801.154, the department may not issue a certificate of authority to an applicant if a corporate officer or member of the board of directors of the applicant has been convicted of a felony involving:

(1) moral turpitude; or

(2) breach of a fiduciary duty.

Status: in_force · Read it on the official government site

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