Texas Insurance Code 403.102 – Penalties for Certain Insurers
Current as of: 2024 | Check for updates
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The department may revoke the charter of a life, health, fire, marine, or inland marine insurance company organized under the laws of this state that pays a dividend in violation of Sections 403.001 and 403.052. If the department revokes a company’s charter under this section, the department shall immediately revoke the company’s certificate of authority.