Tex. Ins. Code § 1114.001 · Subchapter A. GENERAL PROVISIONS
PURPOSE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
The purpose of this chapter is to:
(1) regulate the activities of insurers and agents with respect to the replacement of existing life insurance and annuities;
(2) protect the interests of purchasers of life insurance or annuities by establishing minimum standards of conduct to be observed in replacement or financed purchase transactions;
(3) ensure that purchasers receive information with which a decision in the purchaser's best interest may be made;
(4) reduce the opportunity for misrepresentation and incomplete disclosure; and
(5) establish penalties for failure to comply with the requirements adopted under this chapter.
Notes and commentary — not statutory text
History
Added by Acts 2007, 80th Leg., R.S., Ch. 904 (H.B. 2762), Sec. 1, eff. September 1, 2007.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.1114.htm
- Text hash
- sha256 51b6474e564444eb91884aa197513377cd35cca4ba6168ddc47fe3e476b1c6a0
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.