{"data":{"id":"us-tx/tex.-insurance-code-1115.0516","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 1115.0516","heading":"DOCUMENTATION OBLIGATION.","body":"At the time of the recommendation or sale, an agent shall:\n(1) make a written record of the recommendation and the basis for the recommendation;\n(2) if applicable, obtain a statement signed by the consumer on a form prescribed by the commissioner by rule that is substantially similar to the National Association of Insurance Commissioners Consumer Refusal to Provide Information form documenting:\n(A) a consumer's refusal to provide consumer profile information; and\n(B) a consumer's understanding of the ramifications of failing to provide consumer profile information or providing insufficient consumer profile information; and\n(3) if a consumer decides to enter into an annuity transaction that is not based on the agent's recommendation, obtain a statement signed by the consumer on a form prescribed by the commissioner by rule that is substantially similar to the National Association of Insurance Commissioners Consumer Decision to Purchase an Annuity Not Based on a Recommendation, acknowledging that the annuity transaction is not recommended.\nAdded by Acts 2021, 87th Leg., R.S., Ch. 262 (H.B. 1777), Sec. 9, 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#1115.0516","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"88452578664bff9dc7878880baf418c0d6442b6992c170dae9027ba352bdc087","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-1115.0515","next":"us-tx/tex.-insurance-code-1115.052"},"notice":"GroundRules: Original legal text. Not legal advice."}