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Tex. Ins. Code § 1115.0506

TRANSACTIONS NOT BASED ON RECOMMENDATION; CERTAIN EXEMPTIONS FROM SUBCHAPTER

Added by Acts 2021, 87th Leg., R.S., Ch. 262 (H.B. 1777), Sec. 6, eff

An agent does not have an obligation to a consumer under Section 1115.0513 if:

(1) the agent does not make a recommendation;

(2) the agent makes a recommendation based on materially inaccurate information provided by the consumer;

(3) the consumer refuses to provide consumer profile information; or

(4) the consumer enters into an annuity transaction that is not based on the recommendation from the agent or the insurer.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.