Texas § IN.1115.051 - BEST-INTEREST OBLIGATION
Full text of Texas The Texas Constitution § IN.1115.051 — BEST-INTEREST OBLIGATION, with citation guidance and answers to common questions.
§ IN.1115.051. BEST-INTEREST OBLIGATION
BEST-INTEREST OBLIGATION. (a) When making a recommendation of an annuity, an agent shall act in the best interest of the consumer under the circumstances known to the agent at the time the recommendation is made, without placing the agent's or the insurer's financial interest ahead of the consumer's interest. (b) An agent is presumed to act in the best interest of the consumer if the agent satisfies the care, disclosure, conflict of interest, and documentation obligations described by this subchapter. (c) Repealed by Acts 2021, 87th Leg., R.S., Ch. 262 (H.B. 1777 ), Sec. 18(2), eff. September 1, 2021. (d) Repealed by Acts 2021, 87th Leg., R.S., Ch. 262 (H.B. 1777 ), Sec. 18(2), eff. September 1, 2021. (e) Repealed by Acts 2021, 87th Leg., R.S., Ch. 262 (H.B. 1777 ), Sec. 18(2), eff. September 1, 2021. (f) Repealed by Acts 2021, 87th Leg., R.S., Ch. 262 (H.B. 1777 ), Sec. 18(2), eff. September 1, 2021. Added by Acts 2007, 80th Leg., R.S., Ch. 736 (H.B. 2761 ), Sec. 1, eff. September 1, 2007. Amended by: Acts 2011, 82nd Leg., R.S., Ch. 1156 (H.B. 2277 ), Sec. 9, eff. September 1, 2011. Acts 2021, 87th Leg., R.S., Ch. 262 (H.B. 1777 ), Sec. 7, eff. September 1, 2021. Acts 2021, 87th Leg., R.S., Ch. 262 (H.B. 1777 ), Sec. 8, eff. September 1, 2021. Acts 2021, 87th Leg., R.S., Ch. 262 (H.B. 1777 ), Sec. 18(2), eff. September 1, 2021.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § IN.1115.051
What does The Texas Constitution § IN.1115.051 cover?
Section IN.1115.051 ("BEST-INTEREST OBLIGATION") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § IN.1115.051?
A common citation format is "The Texas Constitution § IN.1115.051" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § IN.1115.051 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.