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Texas Insurance Code - INS § 1111A.024. Penalties

Current as of January 01, 2024 | Updated by Findlaw Staff

(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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Cite this article: FindLaw.com - Texas Insurance Code - INS § 1111A.024. Penalties - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-1111a-024/

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