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Tex. Insurance Code § 463.159

FAILURE TO PAY; COLLECTION BY COMMISSIONER

Texas · Texas Insurance Code · Status: effective

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Tex. Insurance Code § 463.159, FAILURE TO PAY; COLLECTION BY COMMISSIONER, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/677929
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On failure of a member insurer to pay an assessment when due, the commissioner may either: (1) suspend or revoke, after notice and hearing, the insurer's certificate of authority to engage in the business of insurance in this state; or (2) levy a forfeiture in an amount not less than $100 each month or more than five percent of the unpaid assessment each month.