Texas Insurance Code 1153.703 – Revocation or Suspension of Authority On Violation of Order
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Terms Used In Texas Insurance Code 1153.703
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
After notice and a hearing, the commissioner may revoke or suspend the license or certificate of authority of an individual, firm, or corporation that violates an order issued under this chapter.