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. 1153.702. PENALTY
Latest version.
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(a) An individual, firm, or corporation who violates a final order issued under this chapter is liable to the state in a civil action for a penalty of not more than:
(1) $250; or
(2) $1,000, if the court finds the violation to be wilful.
(b) The penalty provided by this section is in addition to any other penalty provided by law.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.