(a) The attorney general may bring an action under this section if the attorney general has reason to believe that:
(1) a person engaged in the business of insurance in this state is engaging in, has engaged in, or is about to engage in an act or practice defined as unlawful under:
(A) this chapter or a rule adopted under this chapter; or
(B) § 17.46, Business & Commerce Code; and
(2) the action is in the public interest.
(b) The attorney general may bring the action in the name of the state to restrain by temporary or permanent injunction the person’s use of the method, act, or practice.