1153.703 – REVOCATION OR SUSPENSION OF AUTHORITY ON
Texas Insurance Code § 1153.703
Summary
This law allows the commissioner to revoke or suspend the license of any individual or entity that violates an order issued under the Texas Insurance Code. It ensures compliance with regulatory orders by providing a process that includes notice and a hearing before any action is taken.
Commissioner can revoke or suspend licenses for violations.
Process requires notice and a hearing.
Applies to individuals, firms, and corporations.
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In simple terms: Learn about Texas's REVOCATION OR SUSPENSION OF AUTHORITY ON 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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