1114.051 – DUTIES OF AGENT; NOTICE. (a) An agent who
Texas Insurance Code § 1114.051
Summary
This law requires insurance agents to submit a signed statement regarding existing life insurance policies or annuity contracts when applying for new coverage. It ensures that both the agent and applicant confirm the applicant's current insurance status, which helps prevent misleading replacements.
Agents must submit a signed statement about existing policies.
Applies to life insurance and annuity applications.
Helps prevent misleading replacements of insurance contracts.
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In simple terms: Learn about Texas's DUTIES OF AGENT; NOTICE. (a) An agent who law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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