Texas Insurance Code 1153.702 – Penalty
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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.
Terms Used In Texas Insurance Code 1153.702
- 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.