Tex. Ins. Code § 1115.0506

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 1115.0506 - Transactions Not Based on Recommendation; Certain Exemptions From Subchapter

An agent does not have an obligation to a consumer under Section 1115.0513 if:

(1) the agent does not make a recommendation;

(2) the agent makes a recommendation based on materially inaccurate information provided by the consumer;

(3) the consumer refuses to provide consumer profile information; or

(4) the consumer enters into an annuity transaction that is not based on the recommendation from the agent or the insurer.

Tex. Ins. Code § 1115.0506

Added by Acts 2021, Texas Acts of the 87th Leg. - Regular Session, ch. 262,Sec. 6, eff. 9/1/2021.