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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 |
RULE §3.1727 | Unauthorized Insurance |
For purposes of Insurance Code §101.051(b)(8) and (9), unauthorized insurance includes participation of a life settlement broker or provider in connection with a life settlement contract for which the insured resides in this state but for which the owner is a trust or similar entity domiciled in another state and created primarily to avoid the requirements of Insurance Code Chapter 1111A. |
Source Note: The provisions of this §3.1727 adopted to be effective August 1, 2013, 38 TexReg 4357 |