{"data":{"id":"us-tx/tex.-insurance-code-228.303","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 228.303","heading":"ADMINISTRATIVE PENALTY.","body":"(a) The comptroller may impose an administrative penalty on a certified capital company that violates this chapter.\n(b) The amount of the penalty may not exceed $25,000. Each day a violation continues or occurs is a separate violation for the purpose of imposing the penalty. The amount of the penalty shall be based on:\n(1) the seriousness of the violation, including the nature, circumstances, extent, and gravity of the violation;\n(2) the economic harm caused by the violation;\n(3) the history of previous violations;\n(4) the amount necessary to deter a future violation;\n(5) efforts to correct the violation; and\n(6) any other matter that justice may require.\n(c) A certified capital company assessed a penalty under this chapter may request a redetermination as provided by Chapter 111, Tax Code.\n(d) The attorney general may sue to collect the penalty.\n(e) A proceeding to impose the penalty is a contested case under Chapter 2001, Government Code.\nAdded by Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 1B.001, eff. April 1, 2009.","path":["INSURANCE CODE","TITLE 3. DEPARTMENT FUNDS, FEES, SURCHARGES, AND TAXES","SUBTITLE B. INSURANCE PREMIUM TAXES","CHAPTER 228. PREMIUM TAX CREDIT FOR CERTAIN INVESTMENTS","SUBCHAPTER G. ENFORCEMENT"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.228.htm#228.303","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"52578dadeb4ce8541856cc61e1d28577d615678802daa7a6ac114032bfc5d0db","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-228.302","next":"us-tx/tex.-insurance-code-228.351"},"notice":"GroundRules: Original legal text. Not legal advice."}