Tex. Ins. Code § 1111A.024

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 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.

Tex. Ins. Code § 1111A.024

Added by Acts 2011, 82nd Leg., R.S., Ch. 1156, Sec. 3, eff. 9/1/2011.