| Issue Date: | |
|---|---|
| Revised Date: | 2019-09-01 |
Legal Citations
- Government Code sec. 417.010
- Insurance Code sec. 83.104, sec. 84.022, sec. 831.0013, sec. 4005.109
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 (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 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.
Collecting Agencies
Deposit Funds
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 | 25 |
|---|---|
| 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 |