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Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Insurance Code § 1115.102: SANCTIONS.

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Where this section sits in the code
  1. INSURANCE CODE
  2. TITLE 7. LIFE INSURANCE AND ANNUITIES
  3. SUBTITLE A. LIFE INSURANCE IN GENERAL
  4. CHAPTER 1115. SUITABILITY OF CERTAIN ANNUITY TRANSACTIONS
  5. 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

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