Sec. 1111A.015. AUTHORITY TO ADOPT RULES. (a) The commissioner may adopt rules implementing this chapter and regulating the activities and relationships of providers, brokers, insurers, and their authorized representatives.
(b) The commissioner may not adopt a rule establishing a price or fee for the sale or purchase of a life settlement contract. This subsection does not prohibit the commissioner from adopting a rule relating to an unjust price or fee for the sale or purchase of a life settlement contract.
(c) The commissioner may not adopt a rule that regulates the actions of an investor providing money to a life or viatical settlement company.
Added by Acts 2011, 82nd Leg., R.S., Ch. 1156 (H.B. 2277), Sec. 3, eff. September 1, 2011.
Section: Previous 1111A.008 1111A.009 1111A.010 1111A.011 1111A.012 1111A.013 1111A.014 1111A.015 1111A.016 1111A.017 1111A.018 1111A.019 1111A.020 1111A.021 1111A.022 NextLast modified: September 28, 2016