Issue Date:
Revised Date: 2019-09-01

Legal Cites

Object Type

Cash — Insurance

Origin Date

1973 by the 63rd Leg.

Description

Administrative penalty of $25,000 for violation of a cease and desist order issued by the Commissioner of Insurance (83.104).

Penalties under Insurance Code, Chapter 84 may not exceed $25,000 (84.022).

Administrative penalty for violation of a law enforced by or through the state fire marshal. Schedule of penalty amounts adopted by the Insurance Commissioner (Gov. Code 417.010).

The commissioner may establish monetary fines for failure to: obtain total number of continuing education hours before expiration date, timely report address changes, notify the department of an administrative action taken by financial or insurance regulator of another state or federal government (4005.109).

An insurer failing to timely file a corporate governance annual disclosure commits a violation and is subject to a penalty under Ch. 84 (831.0013).

Due Date

As set by the department.

Note

Amended by S.B. 371, 75th Leg., R.S.

Amended by S.B. 1467, 76th Leg., R.S.

Fines added by S.B. 414, 78th Leg., R.S.

Amended by H.B. 1951, 82nd Leg., R.S.

Amended by H.B. 3306, 86th Leg., R.S.

USAS Values

Appropriation Year 20
USAS Title INS PENALTY LIEU OF SUSPENSION
Receipt Category 04 – Insurance
Receipt Type 25 – Violations, Fines and Penalties
Object Group 30 – Revenues
USAS Status A
Rev/Exp Category 01 – LICENSES, FEES, FINES, AND PENALTIES