Examination; Enforcement

Tex. Insurance Code § 553.004, under Enforcement of Insurance Policies Regarding Holocaust Victims.

Tex. Insurance Code § 553.004

Sec. 553.004. EXAMINATION; ENFORCEMENT. (a) If the commissioner considers it necessary, the commissioner may initiate an examination of an insurer under Sections 401.051, 401.052, and 401.054-401.062. (b) If the commissioner believes that an insurer is violating or has violated this chapter, the commissioner may: (1) impose a sanction under Chapter 82; (2) issue a cease and desist order under Chapter 83; (3) assess an administrative penalty under Chapter 84; or (4) refer the matter to the attorney general for appropriate enforcement. Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005. Amended by: Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 2D.014, eff. April 1, 2009.