TDI Reports February Enforcement Actions

March 24, 2005

The Texas Department of Insurance recently announced enforcement actions taken by Commissioner José Montemayor that became final during February. The actions include four license revocations, one license denial, and fines and restitution totaling $1,330,673.

Details of the enforcement actions may be viewed on the commission’s Web site at Copies of orders may be obtained by contacting the Public Information Office.

Only final orders are listed. An order imposing disciplinary measures becomes final 20 days after the agent or insurance company has received notice of the order unless a motion for rehearing is filed within that period.

A motion for rehearing stays the finality of an order until the Commissioner of Insurance acts upon the motion or upon the operation of law.

Commissioner’s orders are subject to appeal to state district court.

Was this article valuable?

Here are more articles you may enjoy.