Tex. Ins. Code § 942.159 · Subchapter D. OPERATION, POWERS, AND DUTIES OF EXCHANGE
VIOLATION BY ATTORNEY IN FACT OF REQUIREMENTS REGARDING INDEMNITY CONTRACTS; CRIMINAL PENALTY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) An attorney in fact commits an offense if the attorney in fact:
(1) exchanges a reciprocal or interinsurance contract without first complying with the law governing the contract; or
(2) directly or indirectly solicits or negotiates an application for the contract without first complying with the law governing the contract.
(b) Subsection (a) does not apply to an action taken by an attorney in fact for the purpose of applying for a certificate of authority from the commissioner as provided by this chapter.
(c) An offense under this section is punishable by a fine of not less than $100 or more than $1,000.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.942.htm
- Text hash
- sha256 25e1c37b042d62d37d9f45bdafa54b6d0264d3cf39de9cd083042ea1f3a1322f
- 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
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.