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Tex. Insurance Code § 1111A.015

AUTHORITY TO ADOPT RULES

Texas · Texas Insurance Code · Status: effective

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Tex. Insurance Code § 1111A.015, AUTHORITY TO ADOPT RULES, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/680969
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(a) The commissioner may adopt rules implementing this chapter and regulating the activities and relationships of providers, brokers, insurers, and their authorized representatives. (b) The commissioner may not adopt a rule establishing a price or fee for the sale or purchase of a life settlement contract. This subsection does not prohibit the commissioner from adopting a rule relating to an unjust price or fee for the sale or purchase of a life settlement contract. (c) The commissioner may not adopt a rule that regulates the actions of an investor providing money to a life or viatical settlement company.