Tex. Insurance Code § 82.055
This is the official text of Tex. Insurance Code § 82.055, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 82.055. INFORMAL DISPOSITION.
Official statutory text
(a) The commissioner may informally dispose of a matter under this subchapter by consent order, agreed settlement, stipulation, or default.
(b) An informal disposition may include a provision under which the holder of the authorization agrees to a sanction under this subchapter with the express reservation that:
(1) the holder does not admit a violation of this code or of a rule; and
(2) the existence of a violation is in dispute.
(b) An informal disposition may include a provision under which the holder of the authorization agrees to a sanction under this subchapter with the express reservation that:
(1) the holder does not admit a violation of this code or of a rule; and
(2) the existence of a violation is in dispute.
Status: in_force · Read it on the official government site
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