Texas Administrative Code
Title 28 - INSURANCE
Part 1 - TEXAS DEPARTMENT OF INSURANCE
Chapter 3 - LIFE, ACCIDENT, AND HEALTH INSURANCE AND ANNUITIES
Subchapter R - LIFE SETTLEMENT
Division 2 - LICENSE APPLICATION AND RENEWAL; COURSE AND TRAINING REQUIREMENTS; MAINTENANCE OF RECORDS
Section 3.1726 - Life Expectancy Estimators

Universal Citation: 28 TX Admin Code § 3.1726

Current through Reg. 50, No. 13; March 28, 2025

(a) Insurance Code §§ 1111A.003(p), 1111A.012, and 1111A.014(l) and (m) do not apply to a life settlement broker who acts solely as a life expectancy estimator.

(b) A life settlement broker or life insurance agent who solely performs estimates of life expectancy must indicate on the License Application for a Life Settlement Provider or Broker form; the Application for Renewal, Surrender, or Change of Information for a Life Settlement Provider or Broker form; or the Life Agent Notification to TDI to Act as a Life Settlement Broker form, as applicable, that the broker or life insurance agent will act solely as a life expectancy estimator.

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