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Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Insurance Code § 1111A.024: PENALTIES.

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Where this section sits in the code
  1. INSURANCE CODE
  2. TITLE 7. LIFE INSURANCE AND ANNUITIES
  3. SUBTITLE A. LIFE INSURANCE IN GENERAL
  4. CHAPTER 1111A. LIFE SETTLEMENT CONTRACTS

(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.

Added by Acts 2011, 82nd Leg., R.S., Ch. 1156 (H.B. 2277), Sec. 3, eff. September 1, 2011.

Collected 2026-08-27T01:47:21Z. Source file · JSON

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