Tex. Insurance Code § 882.702
This is the official text of Tex. Insurance Code § 882.702, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 882.702. INVESTMENT AND DEPOSIT OF FUNDS; CRIMINAL PENALTY.
Official statutory text
(a) A person commits an offense if the person is an officer or director of a mutual life insurance company and the person knowingly or wilfully violates or assents to the violation of Section 882.252.
(b) An offense under this section is punishable by imprisonment in the Texas Department of Criminal Justice for a term of not more than five years or less than one year.
(b) An offense under this section is punishable by imprisonment in the Texas Department of Criminal Justice for a term of not more than five years or less than one year.
Status: in_force · Read it on the official government site
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