Texas Insurance Code

§ 1111A.026 — APPLICABILITY OF CERTAIN PROVISIONS TO LIFE EXPECTANCY ESTIMATORS

IN § 1111A.026Title 7. LIFE INSURANCE AND ANNUITIES · Part A. LIFE INSURANCE IN GENERAL · Ch. 1111A. LIFE SETTLEMENT CONTRACTS

Statute text

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(a)The following provisions do not apply to a broker who acts solely as a life expectancy estimator:

(1)Section 1111A.003(p);

(2)Section 1111A.012; and

(3)Sections 1111A.014(l) and (m).

(b)The commissioner may exempt a broker who acts only as a life expectancy estimator from other provisions of this chapter if the commissioner finds that the application of those provisions to the broker is not necessary for the public welfare.

Legislative history

Added by Acts 2011, 82nd Leg., R.S., Ch. 1156 (H.B. 2277), Sec. 3, eff. September 1, 2011.