(a) A person commits an offense if the person is a president or secretary described by Section 883.163 and the person fails to make the report required by that section.
(b) An offense under this section is a misdemeanor punishable by a fine of not less than $100 or more than $500.

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Terms Used In Texas Insurance Code 883.702

  • 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