Texas Statutes
§ 1111A.024 — PENALTIES.
Texas § 1111A.024
JurisdictionTexas
Code INInsurance Code
This text of Texas § 1111A.024 (PENALTIES.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Insurance Code Code Ann. § 1111A.024 (2026).
Text
Sec. 1111A.024. PENALTIES.
(a)It is a violation of this chapter for any person, provider, broker, or any other party related to the business of life settlements to commit a fraudulent life settlement act.
(b)A person who knowingly, recklessly, or intentionally commits a fraudulent life settlement act commits a criminal offense and is subject to penalties under Chapter 35 , Penal Code.
(c)Subtitle B, Title 2, applies to a violation of this chapter.
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Legislative History
Added by Acts 2011, 82nd Leg., R.S., Ch. 1156 (H.B. 2277 ), Sec. 3, eff. September 1, 2011.
Nearby Sections
15
§ 1111A.001
SHORT TITLE.§ 1111A.002
DEFINITIONS.§ 1111A.003
LICENSING REQUIREMENTS; EXEMPTION.§ 1111A.006
REPORTING REQUIREMENTS AND PRIVACY.§ 1111A.007
EXAMINATION.§ 1111A.008
IMMUNITY FROM LIABILITY.§ 1111A.009
INVESTIGATIVE AUTHORITY OF THE COMMISSIONER.§ 1111A.010
COST OF EXAMINATIONS.§ 1111A.011
ADVERTISING.§ 1111A.012
DISCLOSURES TO OWNERS.§ 1111A.013
DISCLOSURE TO INSURER.§ 1111A.014
GENERAL RULES.§ 1111A.015
AUTHORITY TO ADOPT RULES.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 1111A.024, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/IN/1111A.024.