{"data":{"id":"us-tx/tex.-insurance-code-463.159","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 463.159","heading":"FAILURE TO PAY; COLLECTION BY COMMISSIONER.","body":"On failure of a member insurer to pay an assessment when due, the commissioner may either:\n(1) suspend or revoke, after notice and hearing, the insurer's certificate of authority to engage in the business of insurance in this state; or\n(2) levy a forfeiture in an amount not less than $100 each month or more than five percent of the unpaid assessment each month.\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 D. GUARANTY ASSOCIATIONS","CHAPTER 463. TEXAS LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION","SUBCHAPTER D. ASSESSMENTS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.463.htm#463.159","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"223e256eebb9d88ab5e37d7b9737026a64de75ad127e88ddd1a83393ddefbf48","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-463.158","next":"us-tx/tex.-insurance-code-463.160"},"notice":"GroundRules: Original legal text. Not legal advice."}