Texas Insurance Code

§ 1109.015 — AUTHORITY TO ISSUE CERTAIN ORDERS

IN § 1109.015Title 7. LIFE INSURANCE AND ANNUITIES · Part A. LIFE INSURANCE IN GENERAL · Ch. 1109. UNCLAIMED LIFE INSURANCE AND ANNUITY CONTRACT PROCEEDS · Art. A-1. DEATH MASTER FILE SEARCH; IDENTIFICATION OF UNCLAIMED PROCEEDS

Statute text

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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.

Legislative history

Added by Acts 2017, 85th Leg., R.S., Ch. 42 (S.B. 561), Sec. 1, eff. September 1, 2017.