Tex. Insurance Code § 541.351
ACCEPTANCE OF ASSURANCE
Texas · Texas Insurance Code · Status: effective
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- Citation
- Tex. Insurance Code § 541.351, ACCEPTANCE OF ASSURANCE, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/678235
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Full text
(a) In administering this chapter, the department may accept assurance of voluntary compliance from a person who is engaging in, has engaged in, or is about to engage in an act or practice in violation of:
(1) this chapter or a rule adopted under this chapter; or
(2) Section 17.46, Business & Commerce Code.
(b) The assurance must be in writing and be filed with the department.
(c) The department may condition acceptance of an assurance of voluntary compliance on the stipulation that the person offering the assurance restore to a person in interest money that may have been acquired by the act or practice described in Subsection (a).