A certificate of authority of an insurer that fails to file an annual statement required by law is subject to being suspended or revoked by the department.
Tex. Ins. Code § 801.057
FAILURE TO FILE ANNUAL STATEMENT: GROUND FOR REVOCATION OR SUSPENSION
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.