Texas § 425.056 LIMITATION ON LIABILITY FOR ACTUARIAL OPINION.

Texas Statutes

§ 425.056 — LIMITATION ON LIABILITY FOR ACTUARIAL OPINION.

Texas § 425.056

Code INInsurance Code

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Bluebook

Tex. Insurance Code Code Ann. § 425.056 (2026).

Text

Sec. 425.056. LIMITATION ON LIABILITY FOR ACTUARIAL OPINION.

(a)Except in cases of fraud or wilful misconduct or as provided by Subsection (b), a person who certifies an opinion under Section 425.054 or 425.0545 is not liable for damages to a person, other than the life insurance company covered by the opinion, for an act, error, omission, decision, or other conduct with respect to the person's opinion.

(b)Subsection (a) does not apply to an administrative penalty imposed under Chapter 84 .

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Sec. 425.056. LIMITATION ON LIABILITY FOR ACTUARIAL OPINION. (a) Except in cases of fraud or wilful misconduct or as provided by Subsection (b), a person who certifies an opinion under Section 425.054 or 425.0545 is not liable for damages to a person, other than the life insurance company covered by the opinion, for an act, error, omission, decision, or other conduct with respect to the person's opinion.
(b) Subsection (a) does not apply to an administrative penalty imposed under Chapter 84 .

Legislative History

Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 1, eff. April 1, 2007. Amended by: Acts 2015, 84th Leg., R.S., Ch. 313 (S.B. 1654 ), Sec. 9, eff. September 1, 2015.