Tex. Ins. Code § 2502.005

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 2502.005 - Civil Penalty

(a) A person is liable to the state for a civil penalty of not more than $5,000 if the person:

(1) wilfully violates Section 2502.003 or 2502.004; or

(2) violates an order of the commissioner refusing to approve an application to issue a binder for title insurance or a title insurance policy prohibited by Section 2502.003(a).

(b) The department may bring an action in a Travis County district court to recover the penalty provided by this section.

Tex. Ins. Code § 2502.005

Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. 4/1/2005.