1131.004 – FORFEITURE OF CERTIFICATE OF AUTHORITY FOR
Texas Insurance Code § 1131.004
Summary
This law allows the Texas Attorney General to seek the forfeiture of an insurer's certificate of authority if they engage in unauthorized group life insurance contracts. It primarily affects insurers operating in Texas who do not comply with the regulations set forth in this chapter.
Insurers must comply with group life insurance contract regulations.
Unauthorized contracts can lead to forfeiture of authority.
The Attorney General can initiate forfeiture actions.
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In simple terms: Learn about Texas's FORFEITURE OF CERTIFICATE OF AUTHORITY FOR law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
FlawFinder provides legal information, not legal advice. Consult a licensed attorney for specific legal guidance.