Sec. 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 or 425.0545 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 (H.B. 2017), Sec. 1, eff. April 1, 2007.
Amended by:
Acts 2015, 84th Leg., R.S., Ch. 313 (S.B. 1654), Sec. 9, eff. September 1, 2015.
Section: Previous 425.051 425.052 425.053 425.0535 425.054 425.0545 425.055 425.056 425.057 425.058 425.059 425.060 425.061 425.062 425.063 NextLast modified: September 28, 2016