{"data":{"id":"us-tx/tex.-insurance-code-403.102","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 403.102","heading":"PENALTIES FOR CERTAIN INSURERS.","body":"The department may revoke the charter of a life, health, fire, marine, or inland marine insurance company organized under the laws of this state that pays a dividend in violation of Sections 403.001 and 403.052. If the department revokes a company's charter under this section, the department shall immediately revoke the company's certificate of authority.\nAdded by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.","path":["INSURANCE CODE","TITLE 4. REGULATION OF SOLVENCY","SUBTITLE A. GENERAL PROVISIONS","CHAPTER 403. DIVIDENDS","SUBCHAPTER C. PENALTIES"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.403.htm#403.102","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"8971b27d52bf9569af263304b0fedb79bf2837a27e6f1403f5c207bb661dc79e","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-403.101","next":"us-tx/tex.-insurance-code-404.001"},"notice":"GroundRules: Original legal text. Not legal advice."}