Texas Insurance Code 541.110 – Administrative Penalty
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(a) A person who violates a cease and desist order issued under § 541.108 is subject to an administrative penalty under Chapter 84.
(b) In determining whether a person has violated a cease and desist order, the department shall consider the maintenance of procedures reasonably adapted to ensure compliance with the order.
Terms Used In Texas Insurance Code 541.110
- 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
(c) An administrative penalty imposed under this section may not exceed:
(1) $1,000 for each violation; or
(2) $5,000 for all violations.
(d) An order of the department imposing an administrative penalty under this section applies only to a violation of the cease and desist order committed before the date the order imposing the penalty is issued.