Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 7. LIFE INSURANCE AND ANNUITIES |
Subtitle A. LIFE INSURANCE IN GENERAL |
Chapter 1115. SUITABILITY OF CERTAIN ANNUITY TRANSACTIONS |
Subchapter B. DUTIES OF INSURERS AND AGENTS |
Sec. 1115.053. CERTIFICATION REQUIREMENTS
Latest version.
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A person may not provide a certification under Section 1115.052(c)(1) unless the person:
(1) is a senior manager with responsibility for the delegated functions; and
(2) has a reasonable basis for making the certification.
Added by Acts 2007, 80th Leg., R.S., Ch. 736 , Sec. 1, eff. September 1, 2007. Amended by: Acts 2011, 82nd Leg., R.S., Ch. 1156 , Sec. 11, eff. September 1, 2011.