FAILURE TO PAY; COLLECTION BY COMMISSIONER.

Tex. INS Code § 463.159.
in effect
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On failure of a member insurer to pay an assessment when due, the commissioner may either: (1) suspend or revoke, after notice and hearing, the insurer's certificate of authority to engage in the business of insurance in this state; or (2) levy a forfeiture in an amount not less than $100 each month or more than five percent of the unpaid assessment each month. Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 1, eff. April 1, 2007.
Source: TX Statutes (Official Site)URL: https://statutes.capitol.texas.gov/Fetched: 6/29/2026