Texas Insurance Code 82.055 – Informal Disposition
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(a) The commissioner may informally dispose of a matter under this subchapter by consent order, agreed settlement, stipulation, or default.
(b) An informal disposition may include a provision under which the holder of the authorization agrees to a sanction under this subchapter with the express reservation that:
(1) the holder does not admit a violation of this code or of a rule; and
(2) the existence of a violation is in dispute.
Terms Used In Texas Insurance Code 82.055
- Rule: includes regulation. See Texas Government Code 311.005
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.