Texas Statutes
Subtitle A - Life Insurance in General
Chapter 1115 - Suitability of Certain Annuity Transactions

Subchapter A. General Provisions

Section 1115.001. Purpose - Sec. 1115.001. PURPOSE. The purpose of this chapter is to...

Section 1115.002. Definitions - Sec. 1115.002. DEFINITIONS. In this chapter: (1) "Agent" means an...

Section 1115.003. Applicability; Exemptions - Sec. 1115.003. APPLICABILITY; EXEMPTIONS. (a) This chapter applies to any...

Section 1115.004. No Cause of Action Created - Sec. 1115.004. NO CAUSE OF ACTION CREATED. This chapter may...

Section 1115.005. Rules - Sec. 1115.005. RULES. The commissioner may adopt reasonable rules in...

Subchapter B. Duties of Insurers and Agents

Section 1115.0505. Agents Exercising Material Control - Sec. 1115.0505. AGENTS EXERCISING MATERIAL CONTROL. (a) This subchapter applies...

Section 1115.0506. Transactions Not Based on Recommendation; Certain Exemptions From Subchapter - Sec. 1115.0506. TRANSACTIONS NOT BASED ON RECOMMENDATION; CERTAIN EXEMPTIONS FROM...

Section 1115.0507. Insurer Obligations - Sec. 1115.0507. INSURER OBLIGATIONS. (a) Notwithstanding Section 1115.0506, an insurer's...

Section 1115.0508. Additional Licensure Not Required - Sec. 1115.0508. ADDITIONAL LICENSURE NOT REQUIRED. Nothing in this subchapter...

Section 1115.051. Best-Interest Obligation - Sec. 1115.051. BEST-INTEREST OBLIGATION. (a) When making a recommendation of...

Section 1115.0513. Care Obligation - Sec. 1115.0513. CARE OBLIGATION. (a) In making a recommendation, an...

Section 1115.0514. Disclosure Obligation - Sec. 1115.0514. DISCLOSURE OBLIGATION. (a) Before the recommendation or sale...

Section 1115.0515. Conflict of Interest Obligation - Sec. 1115.0515. CONFLICT OF INTEREST OBLIGATION. (a) An agent shall...

Section 1115.0516. Documentation Obligation - Sec. 1115.0516. DOCUMENTATION OBLIGATION. At the time of the recommendation...

Section 1115.052. Supervision System - Sec. 1115.052. SUPERVISION SYSTEM. (a) Except as provided in Section...

Section 1115.0521. Prohibited Practices - Sec. 1115.0521. PROHIBITED PRACTICES. An agent or insurer may not...

Section 1115.053. Certification Requirements - Sec. 1115.053. CERTIFICATION REQUIREMENTS. A person may not provide a...

Section 1115.054. Safe Harbor - Sec. 1115.054. SAFE HARBOR. (a) Recommendations and sales of annuities...

Section 1115.055. Recordkeeping Requirements - Sec. 1115.055. RECORDKEEPING REQUIREMENTS. (a) Each agent, general agent, independent...

Section 1115.056. Agent Training Requirements - Sec. 1115.056. AGENT TRAINING REQUIREMENTS. (a) An agent may not...

Subchapter C. Mitigation; Enforcement

Section 1115.101. Mitigation - Sec. 1115.101. MITIGATION. An insurer is responsible for compliance with...

Section 1115.102. Sanctions - Sec. 1115.102. SANCTIONS. (a) The commissioner may impose sanctions as...