(a) Except as otherwise provided by this subchapter, a person or corporation commits an offense if the person or corporation violates this chapter.
(b) An offense under this section is a misdemeanor punishable by a fine of not less than $50 or more than $500.

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Terms Used In Texas Insurance Code 883.701

  • 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