Criminal Penalty

Tex. Insurance Code § 941.702, under Chapter 941.

Tex. Insurance Code § 941.702

Sec. 941.702. CRIMINAL PENALTY. (a) A person commits an offense if the person, as a principal, attorney in fact, agent, broker, or other representative, engages in the business of writing insurance on the Lloyd's plan in violation of this chapter. (b) An offense under this section is punishable by a fine of not more than $500. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.