Tex. Insurance Code § 1701.101: RESTITUTION.
Where this section sits in the code
- INSURANCE CODE
- TITLE 9. PROVISIONS APPLICABLE TO LIFE INSURANCE, ANNUITY CONTRACTS, AND ACCIDENT AND HEALTH COVERAGES
- CHAPTER 1701. POLICY FORMS
- SUBCHAPTER C. SANCTIONS; APPLICABILITY OF OTHER LAWS
(a) The commissioner may order an insurer to make complete restitution to each insured of this state who is financially damaged by the insurer's use of a form filed and used but not approved under this chapter if, after notice and opportunity for hearing, the commissioner determines:
(1) the form does not comply with this code and the rules of the commissioner;
(2) use of the form resulted in financial damage to an insured of this state; and
(3) the insurer intentionally used the form with the knowledge that it did not comply with this code and the rules of the commissioner.
(b) The commissioner may determine the form and amount of restitution ordered under this section and the period in which the restitution must be made.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 5, eff. April 1, 2005.
Collected 2026-08-27T01:47:21Z. Source file · JSON