{"data":{"id":"us-tx/tex.-insurance-code-1111a.018","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 1111A.018","heading":"FRAUD PREVENTION AND CONTROL.","body":"(a) A person may not commit a fraudulent life settlement act.\n(b) A person may not interfere with the enforcement of this chapter or an investigation of a suspected or actual violation of this chapter.\n(c) A person in the business of life settlements may not knowingly or intentionally permit a person convicted of a felony involving dishonesty or breach of trust to participate in the business of life settlements.\n(d) A life settlement contract and an application for a life settlement contract, regardless of the form of transmission, must contain the following, or a substantially similar, statement: \"Any person who knowingly presents false information in an application for insurance or a life settlement contract is guilty of a crime and may be subject to fines and confinement in prison.\"\n(e) The failure to include a statement as required in Subsection (d) is not a defense in any prosecution for a fraudulent life settlement act.\nAdded by Acts 2011, 82nd Leg., R.S., Ch. 1156 (H.B. 2277), Sec. 3, eff. September 1, 2011.","path":["INSURANCE CODE","TITLE 7. LIFE INSURANCE AND ANNUITIES","SUBTITLE A. LIFE INSURANCE IN GENERAL","CHAPTER 1111A. LIFE SETTLEMENT CONTRACTS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.1111A.htm#1111A.018","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"bcea3a821c2fe7644f52766657a0f8976d10aa98578beb03f3749ebca70e8794","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-1111a.017","next":"us-tx/tex.-insurance-code-1111a.019"},"notice":"GroundRules: Original legal text. Not legal advice."}