Texas Insurance Code 2001.007 – Criminal Penalty
(a) An officer or director of a fire insurance company described by Section 2001.001, or an agent or person acting on behalf of or employed by a fire insurance company described by Section 2001.001, commits an offense if the officer, director, agent, or person intentionally:
(1) performs or causes to be performed, alone or in conjunction with a corporation, company, or person, an act prohibited by a law described by Section 2001.001(a);
(2) fails to perform an act required to be performed by a law described by Section 2001.001(a);
(3) permits an act prohibited by a law described by Section 2001.001(a); or
(4) otherwise violates a law described by Section 2001.001(a).
(b) An offense under this section is a misdemeanor punishable by a fine of not less than $300 or more than $1,000.
Terms Used In Texas Insurance Code 2001.007
- 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.
- 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