Tex. Insurance Code § 823.453
This is the official text of Tex. Insurance Code § 823.453, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 823.453. VOIDING UNAUTHORIZED ACTION.
Official statutory text
If it appears to the commissioner that a person has entered into a transaction or performed an act before complying with the applicable provisions of this chapter or has obtained the commissioner's approval of or acquiescence in a transaction or act that is subject to this chapter based on a material fraudulent misrepresentation, misstatement, or omission, the commissioner, after notice and opportunity for a hearing, by order may void the transaction or act and return the parties to the position they would have occupied if the transaction or act had not occurred.
Status: in_force · Read it on the official government site
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