Texas Insurance Code

§ 82.055 — INFORMAL DISPOSITION

IN § 82.055Title 2. TEXAS DEPARTMENT OF INSURANCE · Part B. DISCIPLINE AND ENFORCEMENT · Ch. 82. SANCTIONS · Art. B. IMPOSITION OF SANCTIONS

Statute text

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(a)The commissioner may informally dispose of a matter under this subchapter by consent order, agreed settlement, stipulation, or default.

(b)An informal disposition may include a provision under which the holder of the authorization agrees to a sanction under this subchapter with the express reservation that:

(1)the holder does not admit a violation of this code or of a rule; and

(2)the existence of a violation is in dispute.

Legislative history

Added by Acts 1999, 76th Leg., ch. 101, Sec. 1, eff. Sept. 1, 1999.