Tex. Insurance Code § 1115.0506
This is the official text of Tex. Insurance Code § 1115.0506, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 1115.0506. TRANSACTIONS NOT BASED ON RECOMMENDATION; CERTAIN EXEMPTIONS FROM SUBCHAPTER.
Official statutory text
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.
(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.
Status: in_force · Read it on the official government site
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