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Texas Insurance Code - Section 425.056. Limitation On Liability For Actuarial Opinion

Legal Research Home > Texas Lawyer > Insurance Code > Texas Insurance Code - Section 425.056. Limitation On Liability For Actuarial Opinion

§ 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 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.

Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.           

Last modified: August 11, 2007