Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 7. LIFE INSURANCE AND ANNUITIES |
Subtitle C. SPECIALIZED COVERAGES |
Chapter 1153. CREDIT LIFE INSURANCE AND CREDIT ACCIDENT AND HEALTH INSURANCE |
Subchapter O. ENFORCEMENT OF CHAPTER; PENALTY |
Sec. 1153.701. COMPLIANCE ORDER
Latest version.
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(a) If, after written notice to an insurer or other person who holds a license or other authorization issued by the commissioner and a hearing, the commissioner determines that a violation of this chapter or a rule adopted under this chapter has occurred, the commissioner shall issue the details of that determination and an order for compliance by a specified date.
(b) An order issued under this section is binding on the insurer or other person to whom it is issued on the date specified in the order unless:
(1) the order is withdrawn by the commissioner before that date; or
(2) the order is appealed under Subchapter D, Chapter 36.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.