Texas Insurance Code 548.201 – Offenses; Criminal Penalty
Current as of: 2024 | Check for updates
|
Other versions
(a) A person commits an offense if the person intentionally:
(1) violates this chapter or a rule adopted under this chapter; or
(2) makes or causes to be made a statement that is false or misleading with respect to a material fact in a document required to be filed by this chapter or a rule adopted under this chapter.
(b) Except as provided by Subsection (c), an offense under this section is punishable by:
(1) a fine not to exceed $10,000;
(2) imprisonment for not more than two years; or
(3) both the fine and imprisonment.
Terms Used In Texas Insurance Code 548.201
- 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
- Rule: includes regulation. See Texas Government Code 311.005
(c) A person may not be punished by imprisonment for violating a rule as prescribed by this section if the person proves that the person had no knowledge of the rule.