(a) A person commits an offense if the person:
(1) is required to establish financial responsibility under Subchapter F or K;
(2) does not maintain evidence of financial responsibility; and
(3) during the period evidence of financial responsibility must be maintained:
(A) operates on a highway a motor vehicle owned by the person; or
(B) knowingly permits another person, who is not otherwise permitted to operate a vehicle under this chapter, to operate on a highway a motor vehicle owned by the person.
(b) An offense under this section is a misdemeanor punishable by:
(1) a fine not to exceed $500;
(2) confinement in county jail for a term not to exceed six months; or
(3) both the fine and the confinement.