Tex. Ins. Code § 1115.0506 · Subchapter B. DUTIES OF INSURERS AND AGENTS
TRANSACTIONS NOT BASED ON RECOMMENDATION; CERTAIN EXEMPTIONS FROM SUBCHAPTER.
Text — Current through the 89th 2nd Called Legislative Session, 2025
An agent does not have an obligation to a consumer under Section 1115.0513 if:
(1) the agent does not make a recommendation;
(2) the agent makes a recommendation based on materially inaccurate information provided by the consumer;
(3) the consumer refuses to provide consumer profile information; or
(4) the consumer enters into an annuity transaction that is not based on the recommendation from the agent or the insurer.
Notes and commentary — not statutory text
History
Added by Acts 2021, 87th Leg., R.S., Ch. 262 (H.B. 1777), Sec. 6, eff. September 1, 2021.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.1115.htm
- Text hash
- sha256 8e9305e3c428eef1e2e9fa174fdc1970ba51ea5659bcce2c0216cadc5b49d0ba
- 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
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