Sec. 801.152.  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.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.