Tex. Insurance Code § 1115.102: SANCTIONS.
Where this section sits in the code
- INSURANCE CODE
- TITLE 7. LIFE INSURANCE AND ANNUITIES
- SUBTITLE A. LIFE INSURANCE IN GENERAL
- CHAPTER 1115. SUITABILITY OF CERTAIN ANNUITY TRANSACTIONS
- SUBCHAPTER C. MITIGATION; ENFORCEMENT
(a) The commissioner may impose sanctions as provided by Chapter 82 for a violation of this chapter.
(b) The commissioner shall reduce or eliminate a sanction for a violation of this chapter otherwise applicable if:
(1) corrective action for the consumer was taken promptly by the agent or insurer after a violation was discovered; or
(2) the violation was not part of a pattern or practice.
Added by Acts 2007, 80th Leg., R.S., Ch. 736 (H.B. 2761), Sec. 1, eff. September 1, 2007.
Amended by:
Acts 2011, 82nd Leg., R.S., Ch. 1156 (H.B. 2277), Sec. 15, eff. September 1, 2011.
Collected 2026-08-27T01:47:21Z. Source file · JSON