SECTION 3.1727. Unauthorized Insurance

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For purposes of Insurance Code §101.051(b)(8) and (9), unauthorized insurance includes participation of a life settlement broker or provider in connection with a life settlement contract for which the insured resides in this state but for which the owner is a trust or similar entity domiciled in another state and created primarily to avoid the requirements of Insurance Code Chapter 1111A.

Source Note: The provisions of this §3.1727 adopted to be effective August 1, 2013, 38 TexReg 4357

                    
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