Tex. Ins. Code § 1115.001

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 1115.001 - Purpose

The purpose of this chapter is to require an agent to act in the best interest of the consumer when making a recommendation of an annuity and to require insurers to establish and maintain a system to supervise those recommendations so that the insurance needs and financial objectives of the consumer as of the time of the transaction are effectively addressed.

Tex. Ins. Code § 1115.001

Amended by Acts 2021, Texas Acts of the 87th Leg. - Regular Session, ch. 262,Sec. 2, eff. 9/1/2021.
Amended By Acts 2011, 82nd Leg., R.S., Ch. 1156, Sec. 6, eff. 9/1/2011.
Added by Acts 2007, 80th Leg., R.S., Ch. 736, Sec. 1, eff. 9/1/2007.