{"data":{"id":"us-tx/tex.-insurance-code-823.502","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 823.502","heading":"OFFENSE OF SUBSCRIBING TO OR MAKING FALSE STATEMENT.","body":"(a) A person commits an offense if the person is an officer, director, or employee of a domestic insurer or the insurer's insurance holding company system and wilfully and knowingly subscribes to or makes or causes to be made a false statement on a written instrument required to be filed with the commissioner.\n(b) An offense under Subsection (a) is a felony punishable by:\n(1) imprisonment for a term of not less than two years;\n(2) a fine not to exceed $10,000 for each violation; or\n(3) both fine and imprisonment under this subsection.\n(c) A person on whom a fine is imposed under this section shall pay the fine in that person's individual capacity.\nAdded by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.","path":["INSURANCE CODE","TITLE 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES","SUBTITLE B. ORGANIZATION OF REGULATED ENTITIES","CHAPTER 823. INSURANCE HOLDING COMPANY SYSTEMS","SUBCHAPTER K. CRIMINAL PENALTIES"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.823.htm#823.502","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"1d8ed701eb9e4fb0779c622ca6cf502472f42a62180371340c626a3718b57967","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-823.501","next":"us-tx/tex.-insurance-code-823.503"},"notice":"GroundRules: Original legal text. Not legal advice."}