Tex. Insurance Code § 823.502
OFFENSE OF SUBSCRIBING TO OR MAKING FALSE STATEMENT
Texas · Texas Insurance Code · Status: effective
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- Citation
- Tex. Insurance Code § 823.502, OFFENSE OF SUBSCRIBING TO OR MAKING FALSE STATEMENT, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/679111
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Full text
(a) A person commits an offense if the person is an officer, director, or employee of a domestic insurer or the insurer's insurance holding company system and wilfully and knowingly subscribes to or makes or causes to be made a false statement on a written instrument required to be filed with the commissioner.
(b) An offense under Subsection (a) is a felony punishable by:
(1) imprisonment for a term of not less than two years;
(2) a fine not to exceed $10,000 for each violation; or
(3) both fine and imprisonment under this subsection.
(c) A person on whom a fine is imposed under this section shall pay the fine in that person's individual capacity.