Texas Insurance Code 651.208 – Offense
Current as of: 2024 | Check for updates
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(a) A person commits an offense if the person:
(1) intentionally, knowingly, recklessly, or negligently engages in the operation of an insurance premium finance company and does not hold a license issued under this chapter;
(2) intentionally, knowingly, recklessly, or negligently violates this chapter;
(3) intentionally or knowingly omits to state a material fact necessary to give the commissioner or the department information lawfully required of the person; or
(4) refuses to permit an investigation or examination authorized under this chapter.
(b) An offense under this section is a Class B misdemeanor.
Attorney's Note
Under the Texas Codes, punishments for crimes depend on the classification. In the case of this section:| Class | Prison | Fine |
|---|---|---|
| Class B misdemeanor | up to 180 days | up to $2,000 |
Terms Used In Texas Insurance Code 651.208
- 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