{"data":{"id":"us-tx/tex.-insurance-code-1115.051","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 1115.051","heading":"BEST-INTEREST OBLIGATION.","body":"(a) When making a recommendation of an annuity, an agent shall act in the best interest of the consumer under the circumstances known to the agent at the time the recommendation is made, without placing the agent's or the insurer's financial interest ahead of the consumer's interest.\n(b) An agent is presumed to act in the best interest of the consumer if the agent satisfies the care, disclosure, conflict of interest, and documentation obligations described by this subchapter.\n(c) Repealed by Acts 2021, 87th Leg., R.S., Ch. 262 (H.B. 1777), Sec. 18(2), eff. September 1, 2021.\n(d) Repealed by Acts 2021, 87th Leg., R.S., Ch. 262 (H.B. 1777), Sec. 18(2), eff. September 1, 2021.\n(e) Repealed by Acts 2021, 87th Leg., R.S., Ch. 262 (H.B. 1777), Sec. 18(2), eff. September 1, 2021.\n(f) Repealed by Acts 2021, 87th Leg., R.S., Ch. 262 (H.B. 1777), Sec. 18(2), eff. September 1, 2021.\nAdded by Acts 2007, 80th Leg., R.S., Ch. 736 (H.B. 2761), Sec. 1, eff. September 1, 2007.\nAmended by:\nActs 2011, 82nd Leg., R.S., Ch. 1156 (H.B. 2277), Sec. 9, eff. September 1, 2011.\nActs 2021, 87th Leg., R.S., Ch. 262 (H.B. 1777), Sec. 7, eff. September 1, 2021.\nActs 2021, 87th Leg., R.S., Ch. 262 (H.B. 1777), Sec. 8, eff. September 1, 2021.\nActs 2021, 87th Leg., R.S., Ch. 262 (H.B. 1777), Sec. 18(2), eff. September 1, 2021.","path":["INSURANCE CODE","TITLE 7. LIFE INSURANCE AND ANNUITIES","SUBTITLE A. LIFE INSURANCE IN GENERAL","CHAPTER 1115. SUITABILITY OF CERTAIN ANNUITY TRANSACTIONS","SUBCHAPTER B. DUTIES OF INSURERS AND AGENTS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.1115.htm#1115.051","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"796598c1eb63136575750b798751d354ad3e99bfdf013d3acf3d4b65b1a17dd4","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-1115.0508","next":"us-tx/tex.-insurance-code-1115.0513"},"notice":"GroundRules: Original legal text. Not legal advice."}