SECTION 3.1702. Applicability and Scope

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This subchapter:
(1) applies to all persons involved in the business of life settlements in this state as specified in Insurance Code Chapter 1111A;
(2) does not regulate the actions of an investor providing money to a life settlement provider, and does not preempt, supersede, or limit any provision of any state securities law or any rule, order, or notice issued under the law; and
(3) becomes effective August 1, 2013.

Source Note: The provisions of this §3.1702 adopted to be effective August 1, 2013, 38 TexReg 4357

                    
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