Texas Insurance Code 701.003 – Effect of Chapter
Current as of: 2024 | Check for updates
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Terms Used In Texas Insurance Code 701.003
- Fraud: Intentional deception resulting in injury to another.
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
- Prosecute: To charge someone with a crime. A prosecutor tries a criminal case on behalf of the government.
This chapter does not:
(1) preempt the authority or relieve the duty of an authorized governmental agency to investigate and prosecute suspected criminal acts;
(2) prevent or prohibit a person from voluntarily disclosing information to an authorized governmental agency;
(3) limit powers or duties granted to the commissioner by any other law; or
(4) prohibit or limit the authority of an insurer to conduct an independent investigation of suspected insurance claim fraud.