Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 2. TEXAS DEPARTMENT OF INSURANCE |
Subtitle B. DISCIPLINE AND ENFORCEMENT |
Chapter 84. ADMINISTRATIVE PENALTIES |
Subchapter C. PROCEDURAL REQUIREMENTS |
Sec. 84.051. RELEASE OF BOND
Latest version.
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(a) If the person gave a supersedeas bond and if the administrative penalty is not upheld by the court, the court shall order, when the judgment becomes final, the release of the bond.
(b) If the person gave a supersedeas bond and if the amount of the penalty is reduced, the court shall order the release of the bond after the person pays the reduced amount.
Added by Acts 1999, 76th Leg., ch. 101, Sec. 1, eff. Sept. 1, 1999.