1115.101 – MITIGATION. An insurer is responsible for
Texas Insurance Code § 1115.101
Summary
This law holds insurers accountable for compliance with regulations and mandates corrective actions if violations occur due to their actions or inactions. It affects insurers and their agents, ensuring consumer protection through required remediation for any harm caused.
Insurers must comply with regulatory standards.
Violations trigger corrective actions for harmed consumers.
Commissioner can enforce compliance against insurers and agents.
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In simple terms: Learn about Texas's MITIGATION. An insurer is responsible for law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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