Texas Insurance Code 541.111 – Civil Penalty for Violation of Cease and Desist Order
Current as of: 2024 | Check for updates
|
Other versions
(a) A person who is found by a court to have violated a cease and desist order issued under § 541.108 is liable to the state for a penalty. The state may recover the penalty in a civil action.
(b) The penalty may not exceed $50 unless the court finds the violation to be wilful, in which case the penalty may not exceed $500.
Terms Used In Texas Insurance Code 541.111
- 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