1115.054 – , which may include applying sampling procedures or
Texas Insurance Code § 1115.054
Summary
This law mandates that insurers implement procedures to verify that agents provide necessary information to consumers regarding annuities. It also requires insurers to assess and address any suspicious refusals from consumers to provide their information.
Insurers must verify agent compliance with information requirements.
Procedures for addressing suspicious consumer refusals are required.
Sampling procedures may be used for consumer profile confirmation.
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In simple terms: Learn about Texas's , which may include applying sampling procedures or 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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