Tex. Ins. Code § 541.301 · Subchapter G. DEPARTMENT ACTION FOR REFUND OF PREMIUMS
REFUND OF PREMIUMS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) After notice and hearing as provided in Subchapter C, the department may require a person to make an accounting under Subsection (b):
(1) in connection with a method of competition or act or practice that is the basis of a cease and desist order issued under Section 541.108; or
(2) on application of an aggrieved person, in connection with a determination by the department that the aggrieved person and other persons similarly situated were induced to purchase an insurance policy as a result of the person engaging in a method of competition or act or practice in violation of:
(A) this chapter or a rule adopted under this chapter; or
(B) Section 17.46, Business & Commerce Code.
(b) A person required to make an accounting under this section must account for all premiums collected for policies issued by the person during the preceding two years in connection with the acts in violation of this chapter described by Subsection (a)(1) or (2).
(c) The department may require the person described by Subsection (a) to:
(1) give notice to all persons from whom the premiums were collected; and
(2) refund the total of all premiums collected from each person who elects to accept a premium refund in exchange for cancellation of the insurance policy issued.
(d) A person who refunds premiums under this section shall deduct from the amount of premiums refunded the amount of benefits actually paid by the person while the insurance policy was in force.
Notes and commentary — not statutory text
History
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.541.htm
- Text hash
- sha256 1d480ede254d75642695cf32c97e06d0989fdf7ba1fd8cf09db0e74231a8de37
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Cited by 1 provision
Provisions in this library whose text cites Tex. Ins. Code § 541.301. Each shows the citation as that text prints it.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.