Insurance Code

§31.002. Organization Of Department — Duties Of Department

In addition to the other duties required of the Texas Department of Insurance, the department shall:

(1) regulate the business of insurance in this state;

http://www.statutes.legis.state.tx.us/Docs/IN/htm/IN.31.htm#31.002

» Texas Administrative Code Rule 28 TAC 1.502(d)

28 TAC 1.502(d)- Licensing Persons with Criminal Backgrounds - The department may refuse to issue an original license or authorization and may revoke, suspend or refuse to renew a license or authorization if the department determines that the applicant or holder, or any partner, officer, director, member, manager, or any other person who has the right to control the applicant or holder, has committed a felony or misdemeanor, or has engaged in fraudulent or dishonest activity that directly relates to the duties and responsibilities of the licensed occupation.

http://info.sos.state.tx.us/pls/pub/readtac$ext.TacPage?sl=R&app=9&p_dir=&p_rloc=&p_tloc=&p_ploc=&pg=1&p_tac=&ti=28&pt=1&ch=1&rl=502

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Note(s) Regarding This Legislation:

During the 82nd Legislature (2011), HB 1915(1.001) amended Sec. 31.002.

Other Note(s):

The restrictions set by Texas Department of Insurance affect a wide range of employment; 28 TAC RULE 1.501, "applicants for, or holders of, any license, registration, permit, authorization, or certification, including temporary or training licenses or certificates, as agents, adjusters, public insurance adjusters, counselors, risk managers, reinsurance intermediaries, title agents, title escrow officers, title attorneys, utilization review agents, independent review organizations, viatical and life settlement registrants, workers' compensation health care networks, management contractors, and administrators."

The text of 28 TAC 1.502(b) also refers to designers and servicers of fire protection systems and equipment and persons engaged in the manufacturing, storing, selling and discharging of fireworks.

28 TAC 1.502(c) refers to all license holders regulated by the state fire marshal's office.

Insurance Code

§801.152. Certificate Of Authority — Revocation Of Certificate

After notice and hearing, the department may revoke the certificate of authority of an insurer if a corporate officer or member of the board of directors of the insurer is convicted of a felony involving:

(1) moral turpitude; or
(2) breach of a fiduciary duty.

http://www.statutes.legis.state.tx.us/Docs/IN/htm/IN.801.htm#801.152

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Note(s) Regarding This Legislation:

Prior laws: V.A.T.S. Insurance Code, Art. 1.14A(b). Repealed by Acts 2001, 77th Leg., ch. 1419, § 31(a), eff. June 1, 2003.