Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 84.022 - Penalty Amount(a) The penalty for a violation may not exceed $25,000, unless a greater or lesser penalty is specified by this code or another insurance law of this state.(b) The amount of the penalty shall be based on:(1) the seriousness of the violation, including:(A) the nature, circumstances, extent, and gravity of the violation; and(B) the hazard or potential hazard created to the health, safety, or economic welfare of the public;(2) the economic harm to the public interest or public confidence caused by the violation;(3) the history of previous violations;(4) the amount necessary to deter a future violation;(5) efforts to correct the violation;(6) whether the violation was intentional; and(7) any other matter that justice may require.Added by Acts 1999, 76th Leg., ch. 101, Sec. 1, eff. 9/1/1999.