The Texas Department of Insurance may at any time revoke the exemption specified in this subchapter on the grounds that a company:

1. (1) has not complied with this subchapter; or
2. (2) by failing to abide by other applicable law is found to be unworthy of the exemption. The department may, after hearing, revoke that company's right to future exemptions under this subchapter and may also administer any sanction provided by law.

Source Note:The provisions of this §3.4105 adopted to be effective September 13, 1982, 7 TexReg 3145; amended to be effective May 11, 2022, 47 TexReg 2758.