Texas Insurance Code

§ 887.704 — VIOLATION OF COMMISSIONER ORDER; CRIMINAL PENALTY

IN § 887.704Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part E. MUTUAL AND FRATERNAL COMPANIES AND RELATED ENTITIES · Ch. 887. PROVISIONS APPLICABLE TO CERTAIN MUTUAL ASSESSMENT COMPANIES · Art. O. PENALTIES

Statute text

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(a)A director, officer, agent, employee, attorney at law, or attorney in fact of an association commits an offense if the person wilfully fails to comply with a lawful order of the commissioner.

(b)An offense under this section is punishable by:

(1)a fine not to exceed $500;

(2)confinement in jail for a term not to exceed six months; or

(3)both the fine and confinement.

Legislative history

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.