Texas § IN.1115.0507 - INSURER OBLIGATIONS
Full text of Texas The Texas Constitution § IN.1115.0507 — INSURER OBLIGATIONS, with citation guidance and answers to common questions.
§ IN.1115.0507. INSURER OBLIGATIONS
INSURER OBLIGATIONS. (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. Added by Acts 2021, 87th Leg., R.S., Ch. 262 (H.B. 1777 ), Sec. 6, eff. September 1, 2021.
Frequently Asked Questions About Texas § IN.1115.0507
What does The Texas Constitution § IN.1115.0507 cover?
Section IN.1115.0507 ("INSURER OBLIGATIONS") 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.1115.0507?
A common citation format is "The Texas Constitution § IN.1115.0507" (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.1115.0507 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.