1115.0516 – DOCUMENTATION OBLIGATION. At the time of the
Texas Insurance Code § 1115.0516
Summary
This law requires insurance agents to document their recommendations and the reasons behind them at the time of sale. Additionally, if a consumer refuses to provide certain information, agents must obtain a signed statement confirming this refusal.
Agents must keep written records of recommendations.
A signed consumer statement is required for information refusals.
Documentation must comply with prescribed forms by the commissioner.
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In simple terms: Learn about Texas's DOCUMENTATION OBLIGATION. At the time of the 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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