Texas Insurance Code 801.152 – Revocation of Certificate
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Terms Used In Texas Insurance Code 801.152
- Fiduciary: A trustee, executor, or administrator.
After notice and hearing, the department may revoke the certificate of authority of an insurer if a corporate officer or member of the board of directors of the insurer is convicted of a felony involving:
(1) moral turpitude; or
(2) breach of a fiduciary duty.