Tex. Ins. Code § 562.251 · Subchapter F. ASSURANCE OF VOLUNTARY COMPLIANCE
ACCEPTANCE OF ASSURANCE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) In administering this chapter, the department may accept assurance of voluntary compliance from a person who is engaging in, has engaged in, or is about to engage in an act or practice in violation of this chapter or Section 17.46, Business & Commerce Code.
(b) The assurance must be in writing and be filed with the department.
(c) The department may condition acceptance of an assurance of voluntary compliance on the stipulation that the person offering the assurance restore to a person in interest money that may have been acquired by the act or practice described in Subsection (a).
Notes and commentary — not statutory text
History
Added by Acts 2009, 81st Leg., R.S., Ch. 1331 (H.B. 4341), Sec. 1, eff. September 1, 2009.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.562.htm
- Text hash
- sha256 25aa04ded04ec5b67a524c0c020984f89aa912cdc46a7af3a013c4a910969eb1
- 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
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