Texas Insurance Code

§ 548.202 — CIVIL PENALTY

IN § 548.202Title 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 who wilfully violates this chapter or a rule adopted under this chapter is liable for a civil penalty of not less than $100 or more than $1,000 for:

(1)each act of violation; and

(2)each day of violation.

(b)The attorney general, at the request of the commissioner, shall bring a suit in the name of the state to recover the civil penalty. The suit must be brought:

(1)in Travis County or the county in which the person resides;

(2)if more than one person commits the violation, in the county in which any of the persons resides; or

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Legislative history

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