{"data":{"id":"us-tx/tex.-insurance-code-4152.301","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 4152.301","heading":"GROUNDS FOR LICENSE DENIAL OR DISCIPLINARY ACTION.","body":"The department may deny an application for a license or discipline a license holder under Subchapter C, Chapter 4005, if the department determines that the applicant or license holder, or a person who would be authorized to act on behalf of the applicant or license holder under Section 4152.057, has:\n(1) wilfully violated or participated in the violation of this chapter or another insurance law of this state;\n(2) intentionally made a material misstatement in the license application;\n(3) obtained or attempted to obtain the license by fraud or misrepresentation;\n(4) misappropriated, converted to the person's own use, or illegally withheld money required to be held in a fiduciary capacity;\n(5) materially misrepresented the terms or effect of any contract of insurance or reinsurance, or engaged in any fraudulent transaction; or\n(6) been convicted of a felony or of a misdemeanor of which criminal fraud is an essential element.\nAdded by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.","path":["INSURANCE CODE","TITLE 13. REGULATION OF PROFESSIONALS","SUBTITLE D. OTHER PROFESSIONALS","CHAPTER 4152. REINSURANCE INTERMEDIARIES","SUBCHAPTER G. DISCIPLINE AND ENFORCEMENT"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.4152.htm#4152.301","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"a9f18ffb3741ae1b0e43b4c3d8d869709abc5e23eb21f5c9f37314922a815565","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-4152.256","next":"us-tx/tex.-insurance-code-4152.302"},"notice":"GroundRules: Original legal text. Not legal advice."}