Sec. 101.203.  INVESTIGATION AND DISCLOSURE.  (a)  If the commissioner has reason to believe that insurance has been effectuated by or for a person in this state with an unauthorized person or insurer, the commissioner shall in writing order the person to:
(1)  produce for examination all insurance contracts and other documents evidencing insurance with both authorized and unauthorized persons or insurers; and
(2)  disclose to the commissioner:
(A)  the amount of insurance;
(B)  the name and address of each insurer;
(C)  the gross amount of premiums paid or to be paid; and
(D)  the name and address of each person assisting in the solicitation, negotiation, or effectuation of the insurance.
(b)  A person who fails to comply with a written order under Subsection (a) before the 31st day after the date of the order or who wilfully makes a disclosure that is untrue, deceptive, or misleading shall forfeit:
(1)  $1,000; and
(2)  an additional $1,000 for each day the person continues to fail to comply after expiration of the 30-day period.
(c)  This section does not apply to:
(1)  a transaction in this state that:
(A)  involves a policy that:
(i)  is lawfully solicited, negotiated, written, and delivered outside this state; and
(ii)  covers, at the time the policy is issued, only subjects of insurance that are not resident, located, or expressly to be performed in this state; and
(B)  takes place after the policy is issued; or
(2)  surplus lines insurance procured through eligible surplus lines insurers as defined by Section 981.002.
Added by Acts 1999, 76th Leg., ch. 101, Sec. 1, eff. Sept. 1, 1999.
Amended by: 
Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 2B.018, eff. April 1, 2009.
Acts 2021, 87th Leg., R.S., Ch. 60 (S.B. 1809), Sec. 18, eff. September 1, 2021.