Texas § IN.1115.055 - RECORDKEEPING REQUIREMENTS
Full text of Texas The Texas Constitution § IN.1115.055 — RECORDKEEPING REQUIREMENTS, with citation guidance and answers to common questions.
§ IN.1115.055. RECORDKEEPING REQUIREMENTS
RECORDKEEPING REQUIREMENTS. (a) Each agent, general agent, independent agency, and insurer shall maintain, or otherwise be able to make available to the commissioner, records of the information collected from the consumer, disclosures made to the consumer, including summaries of oral disclosures, and other information used in making a recommendation that was the basis for an insurance transaction subject to this chapter until the fifth anniversary of the date on which the transaction is completed by the insurer. (b) An insurer may, but is not required to, maintain documentation on behalf of an agent. (c) Records required to be maintained under this section may be maintained in paper, photographic, microprocess, magnetic, mechanical, or electronic media by any process that accurately reproduces the actual document. Added by Acts 2007, 80th Leg., R.S., Ch. 736 (H.B. 2761 ), Sec. 1, eff. September 1, 2007. Amended by: Acts 2021, 87th Leg., R.S., Ch. 262 (H.B. 1777 ), Sec. 14, eff. September 1, 2021.
Frequently Asked Questions About Texas § IN.1115.055
What does The Texas Constitution § IN.1115.055 cover?
Section IN.1115.055 ("RECORDKEEPING REQUIREMENTS") 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.1115.055?
A common citation format is "The Texas Constitution § IN.1115.055" (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.1115.055 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.