81st Texas Legislature, Regular Session, House Bill 1294, Chapter 362 Page: 1 of 9
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Chapter 362
H.B. No. 1294
1 AN ACT
2 relating to certain certifications, professional designations, and
3 education requirements regarding the sale of life insurance and
4 annuities.
5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
6 ARTICLE 1. AGENT EDUCATION REQUIREMENTS
7 SECTION 1.001. Subchapter B, Chapter 1115, Insurance Code,
8 is amended by adding Section 1115.056 to read as follows:
9 Sec. 1115.056. AGENT EDUCATION REQUIREMENTS. (a) A
10 resident agent that intends to sell, solicit, or negotiate a
11 contract for an annuity in this state or to represent an insurer in
12 relation to such an annuity must submit evidence satisfactory to
13 the department of completion of at least four hours of training
14 relating to annuities before soliciting individual consumers for
15 the purpose of selling annuities.
16 (b) The training required under Subsection (a) may be used
17 to satisfy the continuing education requirements imposed under this
18 code and rules adopted under this code for issuance of a license
19 under this code.
20 SECTION 1.002. Chapter 4004, Insurance Code, is amended by
21 adding Subchapter E to read as follows:
22 SUBCHAPTER E. CONTINUING EDUCATION REQUIREMENTS FOR SALE OF
23 ANNUITIES
24 Sec. 4004.201. DEFINITION. In this subchapter, "annuity"
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Texas. Legislature. House of Representatives. 81st Texas Legislature, Regular Session, House Bill 1294, Chapter 362, legislative document, June 19, 2009; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth148263/m1/1/: accessed April 26, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.