1117.001 – PURPOSE. The purpose of this chapter is to
Texas Insurance Code § 1117.001
Summary
This law establishes standards to protect consumers, particularly seniors, from deceptive marketing practices related to life insurance and annuity products. It specifically addresses the use of misleading certifications and designations in sales and advice.
Protects seniors from fraudulent marketing practices.
Regulates use of certifications in insurance sales.
Aims to ensure transparency in life insurance and annuities.
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In simple terms: Learn about Texas's PURPOSE. The purpose of this chapter is to 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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