Tex. Insurance Code § 827.007
This is the official text of Tex. Insurance Code § 827.007, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 827.007. PENALTIES.
Official statutory text
The commissioner may impose the civil penalties under Chapter 82 on an insurer that fails to obtain the commissioner's approval before the insurer:
(1) withdraws from writing a line of insurance in this state; or
(2) reduces the insurer's total annual premium volume by 75 percent or more in any year.
(1) withdraws from writing a line of insurance in this state; or
(2) reduces the insurer's total annual premium volume by 75 percent or more in any year.
Status: in_force · Read it on the official government site
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