Texas Insurance Code

§ 1115.053 — CERTIFICATION REQUIREMENTS

IN § 1115.053Title 7. LIFE INSURANCE AND ANNUITIES · Part A. LIFE INSURANCE IN GENERAL · Ch. 1115. SUITABILITY OF CERTAIN ANNUITY TRANSACTIONS · Art. B. DUTIES OF INSURERS AND AGENTS

Statute text

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A person may not provide a certification under Section 1115.052(c-1)(1) unless the person:

(1)is a senior manager with responsibility for the delegated functions; and

(2)has a reasonable basis for making the certification. Added by Acts 2007, 80th Leg., R.S., Ch. 736 (H.B. 2761), Sec. 1, eff. September 1, 2007. Amended by:

Legislative history

Acts 2011, 82nd Leg., R.S., Ch. 1156 (H.B. 2277), Sec. 11, eff. September 1, 2011. Acts 2021, 87th Leg., R.S., Ch. 262 (H.B. 1777), Sec. 12, eff. September 1, 2021.