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Home > Title 28 > Part 1 > Chapter 3 >Subchapter R > Rule 3.1727
TITLE 28 - INSURANCE
PART 1 - TEXAS DEPARTMENT OF INSURANCE
CHAPTER 3 - LIFE, ACCIDENT, AND HEALTH INSURANCE AND ANNUITIES
SUBCHAPTER R - LIFE SETTLEMENT
SECTION/RULE §3.1727 - Unauthorized Insurance
Chapter Review Date 05/06/2022

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.

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