Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES |
Subtitle E. MUTUAL AND FRATERNAL COMPANIES AND RELATED ENTITIES |
Chapter 881. STATEWIDE MUTUAL ASSESSMENT COMPANIES |
Subchapter O. ENFORCEMENT; CRIMINAL PENALTY |
Sec. 881.701. GENERAL CRIMINAL PENALTY
Latest version.
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(a) A person commits an offense if:
(1) the person violates this chapter; or
(2) the person:
(A) is a corporation or a responsible officer of a corporation; and
(B) permits or participates in a violation of this chapter by a corporation.
(b) An offense under this section is a misdemeanor punishable by a fine not to exceed $500.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.