Section 4102.201 - Denial, Suspension, or Revocation of License(a) The commissioner may deny an application for a license under this chapter or suspend or revoke a license issued under this chapter on the basis of: (1) a violation of this chapter or of any rule adopted by the commissioner under this chapter;(2) a cause that constitutes grounds for denial of an original license;(3) misrepresentation or fraud in obtaining a license;(4) failure to pass a required license examination;(5) the misappropriation or conversion of money required to be held in a fiduciary capacity;(6) material misrepresentation, with intent to deceive, of the terms of an insurance contract;(7) engaging in a fraudulent transaction;(8) demonstrated incompetence or untrustworthiness in the conduct of the license holder's affairs under the license, as determined by the commissioner;(9) conviction of a felony by a final judgment in a court of competent jurisdiction; or(10) material misrepresentation, with intent to deceive, of the person's status as a public insurance adjuster.(b) If the department proposes to refuse to issue an original license under this chapter or to suspend, revoke, or refuse to renew a license under this chapter, the person affected is entitled to notice and hearing as provided by Section 4005.104.(c) A final order entered as a result of a hearing under this section may be appealed to a court of competent jurisdiction as provided by Subchapter D, Chapter 36.(d) An order suspending a license issued under this chapter must specify the period of the suspension not to exceed 12 months.(e) The holder of a license that is revoked or suspended for cause shall surrender the license to the commissioner on demand.(f) The commissioner may issue a license or reinstate a suspended or revoked license on a finding that the cause for suspension, revocation, or refusal no longer exists.Tex. Ins. Code § 4102.201
Added by Acts 2005, 79th Leg., Ch. 728, Sec. 11.082(a), eff. 9/1/2005.