{"data":{"id":"us-tx/tex.-insurance-code-1111a.024","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 1111A.024","heading":"PENALTIES.","body":"(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.\n(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.\n(c) Subtitle B, Title 2, applies to a violation of this chapter.\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.024","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"d798776b0eeac3d9b6c3c0946a9578eb019e08c1afa73f0efa77d58d1a540b8d","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-1111a.023","next":"us-tx/tex.-insurance-code-1111a.025"},"notice":"GroundRules: Original legal text. Not legal advice."}