Sec. 1109.015. AUTHORITY TO ISSUE CERTAIN ORDERS. The commissioner may issue an order:
(1) limiting the Death Master File comparisons required by this subchapter to only those files the insurer maintains in searchable electronic format or approving a plan and timeline for an insurer to convert the insurer's files to searchable electronic format;
(2) exempting an insurer from the Death Master File comparisons required by this subchapter or permitting an insurer to perform the comparisons less frequently than required by this subchapter on a showing of hardship to the insurer; or
(3) permitting an insurer to phase in compliance with this subchapter according to a plan and timeline approved by the commissioner.
Added by Acts 2017, 85th Leg., R.S., Ch. 42 (S.B. 561), Sec. 1, eff. September 1, 2017.
Structure Texas Statutes
Title 7 - Life Insurance and Annuities
Subtitle A - Life Insurance in General
Chapter 1109 - Unclaimed Life Insurance and Annuity Contract Proceeds
Subchapter A. -1. Death Master File Search; Identification of Unclaimed Proceeds
Section 1109.011. Identification of Death Master File Matches
Section 1109.012. Duties Regarding Death Master File Match
Section 1109.013. Presumption of Unclaimed Proceeds; Report and Delivery of Proceeds
Section 1109.014. Rulemaking Authority