Texas Insurance Code

§ 548.201 — OFFENSES; CRIMINAL PENALTY

IN § 548.201Title 5. PROTECTION OF CONSUMER INTERESTS · Part C. DECEPTIVE, UNFAIR, AND PROHIBITED PRACTICES · Ch. 548. INSURER INSIDER TRADING AND PROXY REGULATION · Art. C. ENFORCEMENT

Statute text

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(a)A person commits an offense if the person intentionally:

(1)violates this chapter or a rule adopted under this chapter; or

(2)makes or causes to be made a statement that is false or misleading with respect to a material fact in a document required to be filed by this chapter or a rule adopted under this chapter.

(b)Except as provided by Subsection (c), an offense under this section is punishable by:

(1)a fine not to exceed $10,000;

(2)imprisonment for not more than two years; or

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Legislative history

Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.