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Tougher laws urged on Texas insurance firms
Texas Legislative Council called for tougher penalties for insurance law violations and recommended repealing the State Insurance Code chapter used by the defunct U S Trust and Guaranty Co. Examiners for the Insurance Commission should be increased, and penalties for fraudulent practices strengthened. Other options include raising capital requirements, ensuring existing life and health insurers meet deadlines, and studying investment limits and ownership rules.
MENTIONED IN THIS ARTICLE
Austin
Texas Legislative Council
George Moffett
Chillicothe
U.S. Trust and Guaranty Co
Waco
Texas
Insurance Commission
Board of Insurance Commissioners
Houston
Harris County
O. F. Dingler
Texas Alcohol-Nar
Cotics Education Assn
Dallas
Dingler