TDI Announces January 2005 Enforcement Actions

The Texas Department of Insurance recently announced enforcement actions taken by Commissioner Jose Montemayor that became final during January.

The actions include six license revocations, four license denials and fines and restitution totaling $2,596,780. Copies of Montemayor’s orders may be obtained by contacting TDI’s Public Information Office.

The full list of final enforcement actions may be accessed via TDI’s Web site at www.tdi.state.tx.us.

An order imposing disciplinary measures becomes final 20 days after the agent or insurance company has received notice of the order unless a motion for rehearing is filed within that period.

A motion for rehearing stays the finality of an order until the Commissioner of Insurance acts upon the motion or upon the operation of law.

Commissioner’s orders are subject to appeal to state district court.