1115.0515 – CONFLICT OF INTEREST OBLIGATION. (a) An agent
Texas Insurance Code § 1115.0515
Summary
This law requires insurance agents to identify and manage any material conflicts of interest, particularly those related to ownership interests. Agents must take reasonable steps to discover such conflicts and either avoid or disclose them appropriately.
Agents must identify material conflicts of interest.
Conflicts related to ownership interests are included.
Agents must disclose or manage identified conflicts.
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In simple terms: Learn about Texas's CONFLICT OF INTEREST OBLIGATION. (a) An agent 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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