Texas § IN.541.301 - REFUND OF PREMIUMS
Full text of Texas The Texas Constitution § IN.541.301 — REFUND OF PREMIUMS, with citation guidance and answers to common questions.
§ IN.541.301. REFUND OF PREMIUMS
REFUND OF PREMIUMS. (a) After notice and hearing as provided in Subchapter C, the department may require a person to make an accounting under Subsection (b): (1) in connection with a method of competition or act or practice that is the basis of a cease and desist order issued under Section 541.108 ; or (2) on application of an aggrieved person, in connection with a determination by the department that the aggrieved person and other persons similarly situated were induced to purchase an insurance policy as a result of the person engaging in a method of competition or act or practice in violation of: (A) this chapter or a rule adopted under this chapter; or (B) Section 17.46 , Business & Commerce Code. (b) A person required to make an accounting under this section must account for all premiums collected for policies issued by the person during the preceding two years in connection with the acts in violation of this chapter described by Subsection (a)(1) or (2). (c) The department may require the person described by Subsection (a) to: (1) give notice to all persons from whom the premiums were collected; and (2) refund the total of all premiums collected from each person who elects to accept a premium refund in exchange for cancellation of the insurance policy issued. (d) A person who refunds premiums under this section shall deduct from the amount of premiums refunded the amount of benefits actually paid by the person while the insurance policy was in force. Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § IN.541.301
What does The Texas Constitution § IN.541.301 cover?
Section IN.541.301 ("REFUND OF PREMIUMS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § IN.541.301?
A common citation format is "The Texas Constitution § IN.541.301" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § IN.541.301 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.