Tex. Ins. Code Section 1111A.015
Authority to Adopt Rules

(a)

The commissioner may adopt rules implementing this chapter and regulating the activities and relationships of providers, brokers, insurers, and their authorized representatives.

(b)

The commissioner may not adopt a rule establishing a price or fee for the sale or purchase of a life settlement contract. This subsection does not prohibit the commissioner from adopting a rule relating to an unjust price or fee for the sale or purchase of a life settlement contract.

(c)

The commissioner may not adopt a rule that regulates the actions of an investor providing money to a life or viatical settlement company.

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

Source: Section 1111A.015 — Authority to Adopt Rules, https://statutes.capitol.texas.gov/Docs/IN/htm/IN.1111A.htm#1111A.015 (accessed Jun. 5, 2024).

1111A.001
Short Title 1111A.002
Definitions 1111A.003
Licensing Requirements 1111A.004
License Suspension, Revocation, or Refusal to Renew 1111A.005
Requirements for Contract Forms, Disclosure Forms, and Advertisements 1111A.006
Reporting Requirements and Privacy 1111A.007
Examination 1111A.008
Immunity from Liability 1111A.009
Investigative Authority of the Commissioner 1111A.010
Cost of Examinations 1111A.011
Advertising 1111A.012
Disclosures to Owners 1111A.013
Disclosure to Insurer 1111A.014
General Rules 1111A.015
Authority to Adopt Rules 1111A.016
Conflict of Laws 1111A.017
Prohibited Practices 1111A.018
Fraud Prevention and Control 1111A.019
Mandatory Reporting of Fraudulent Life Settlement Acts 1111A.020
Confidentiality 1111A.021
Other Law Enforcement or Regulatory Authority 1111A.022
Life Settlement Antifraud Initiatives 1111A.023
Injunction 1111A.024
Penalties 1111A.025
Applicability of Other Insurance Laws 1111A.026
Applicability of Certain Provisions to Life Expectancy Estimators

Accessed:
Jun. 5, 2024

§ 1111A.015’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._ins._code_section_1111a.015

Original Source: Section 1111A.015 — Authority to Adopt Rules, https://statutes.capitol.texas.gov/Docs/IN/htm/IN.1111A.htm#1111A.015 (last accessed Jun. 5, 2024).