{"data":{"id":"us-tx/tex.-insurance-code-882.702","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 882.702","heading":"INVESTMENT AND DEPOSIT OF FUNDS; CRIMINAL PENALTY.","body":"(a) A person commits an offense if the person is an officer or director of a mutual life insurance company and the person knowingly or wilfully violates or assents to the violation of Section 882.252.\n(b) An offense under this section is punishable by imprisonment in the Texas Department of Criminal Justice for a term of not more than five years or less than one year.\nAdded by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.\nAmended by:\nActs 2009, 81st Leg., R.S., Ch. 87 (S.B. 1969), Sec. 25.121, eff. September 1, 2009.","path":["INSURANCE CODE","TITLE 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES","SUBTITLE E. MUTUAL AND FRATERNAL COMPANIES AND RELATED ENTITIES","CHAPTER 882. MUTUAL LIFE INSURANCE COMPANIES","SUBCHAPTER O. ENFORCEMENT PROVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.882.htm#882.702","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"dcbbd8d937974afe1a862c23f35a86d71ee9aa5dd6a7dc97a42175333aeb9b4e","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-882.701","next":"us-tx/tex.-insurance-code-882.703"},"notice":"GroundRules: Original legal text. Not legal advice."}