Texas Insurance Code 1111A.009 – Investigative Authority of the Commissioner
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Terms Used In Texas Insurance Code 1111A.009
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
The commissioner may investigate a suspected fraudulent life settlement act and a person engaged in the business of life settlements.