Any violation of this subchapter constitutes a misrepresentation of the terms of an issued and unissued policy in violation of Insurance Code Chapter 541, Subchapter B, and to be a misrepresentation of the terms, benefits, and advantages of a policy within the meaning of Insurance Code §543.001. Violations of this subchapter subject the insurer and agent to the penalties provided in Insurance Code Chapter 541 and other applicable provisions of the Insurance Code.