Tex. Insurance Code § 1115.0507
This is the official text of Tex. Insurance Code § 1115.0507, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 1115.0507. INSURER OBLIGATIONS.
Official statutory text
(a) Notwithstanding Section 1115.0506, an insurer's issuance of an annuity must be reasonable under the circumstances known to the insurer at the time the annuity is issued.
(b) If there is no agent involved in an annuity transaction, the obligations described in this subchapter apply to the insurer that recommends or sells the annuity in the same way those obligations would apply to an agent.
(b) If there is no agent involved in an annuity transaction, the obligations described in this subchapter apply to the insurer that recommends or sells the annuity in the same way those obligations would apply to an agent.
Status: in_force · Read it on the official government site
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