Texas Insurance Code 881.701 – General Criminal Penalty
Current as of: 2024 | Check for updates
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(a) A person commits an offense if:
(1) the person violates this chapter; or
(2) the person:
(A) is a corporation or a responsible officer of a corporation; and
(B) permits or participates in a violation of this chapter by a corporation.
(b) An offense under this section is a misdemeanor punishable by a fine not to exceed $500.
Terms Used In Texas Insurance Code 881.701
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005