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Tex. Insurance Code § 1111A.024

PENALTIES

Texas · Texas Insurance Code · Status: effective

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Tex. Insurance Code § 1111A.024, PENALTIES, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/680978
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(a) It is a violation of this chapter for any person, provider, broker, or any other party related to the business of life settlements to commit a fraudulent life settlement act. (b) A person who knowingly, recklessly, or intentionally commits a fraudulent life settlement act commits a criminal offense and is subject to penalties under Chapter 35, Penal Code. (c) Subtitle B, Title 2, applies to a violation of this chapter.