Texas

Fiduciary/Best Interest Development

  • On June 4, 2021, the Texas legislature passed a law amending the state’s Suitability of Certain Annuity Transactions statute to adopt the NAIC’s model suitability standard (discussed below).
  • The amended provisions take effect September 1, 2021.

Sources

HB1777

©2024 Faegre Drinker Biddle & Reath LLP. All Rights Reserved. Attorney Advertising.
Privacy Policy