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2019 Texas Statutes
Insurance Code
Title 11 - Title Insurance
Subtitle A - General Provisions
Chapter 2502 - Prohibited Conduct
Subchapter A. Prohibited Conduct in General
Section 2502.005. Civil Penalty
Universal Citation: TX Ins Code § 2502.005 (2019)
Sec. 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.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.
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