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Tex. Insurance Code § 403.102

PENALTIES FOR CERTAIN INSURERS

Texas · Texas Insurance Code · Status: effective

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Tex. Insurance Code § 403.102, PENALTIES FOR CERTAIN INSURERS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/677374
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The department may revoke the charter of a life, health, fire, marine, or inland marine insurance company organized under the laws of this state that pays a dividend in violation of Sections 403.001 and 403.052. If the department revokes a company's charter under this section, the department shall immediately revoke the company's certificate of authority.