Section 2502.056 - Monetary Forfeiture(a) A person who pays or receives a commission, rebate, discount, or other thing of value for soliciting or referring title insurance business in violation of Section 2502.051 is engaging in the unauthorized business of insurance.(b) After notice and opportunity for hearing, a person who makes or receives a payment described by Subsection (a) is liable for a monetary forfeiture in an amount not less than the value of or more than three times the value of the payment.(c) A monetary forfeiture under Subsection (b) is in addition to any other penalty provided by law.Tex. Ins. Code § 2502.056
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. 4/1/2005.