Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 2. TEXAS DEPARTMENT OF INSURANCE |
Subtitle B. DISCIPLINE AND ENFORCEMENT |
Chapter 82. SANCTIONS |
Subchapter B. IMPOSITION OF SANCTIONS |
Sec. 82.055. INFORMAL DISPOSITION
Latest version.
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(a) The commissioner may informally dispose of a matter under this subchapter by consent order, agreed settlement, stipulation, or default.
(b) An informal disposition may include a provision under which the holder of the authorization agrees to a sanction under this subchapter with the express reservation that:
(1) the holder does not admit a violation of this code or of a rule; and
(2) the existence of a violation is in dispute.
Added by Acts 1999, 76th Leg., ch. 101, Sec. 1, eff. Sept. 1, 1999.