Texas Insurance Code

§ 463.114 — SUMMARY DOCUMENT; DISCLAIMER

IN § 463.114Title 4. REGULATION OF SOLVENCY · Part D. GUARANTY ASSOCIATIONS · Ch. 463. TEXAS LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION · Art. C. GENERAL POWERS AND DUTIES OF ASSOCIATION

Statute text

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(a)The association shall prepare a summary document describing the general purposes and limitations of this chapter and amend the document as necessary to comply with this chapter. The document must clearly and conspicuously contain on the document's face a disclaimer that:

(1)states the name and address of the association and department;

(2)warns the policy or contract holder that:

(A)the association may not cover the policy; or

(B)coverage, if available, is subject to substantial limitations and exclusions and requires continuous residence in this state;

(3)states that an insurer and the insurer's agent are prohibited by law from using the association's existence to sell, solicit, or induce the purchase of any kind of insurance;

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Legislative history

Acts 2019, 86th Leg., R.S., Ch. 432 (S.B. 1153), Sec. 10, eff. September 1, 2019.