Texas Insurance Code

§ 541.053 — DEFAMATION OF INSURER

IN § 541.053Title 5. PROTECTION OF CONSUMER INTERESTS · Part C. DECEPTIVE, UNFAIR, AND PROHIBITED PRACTICES · Ch. 541. UNFAIR METHODS OF COMPETITION AND UNFAIR OR DECEPTIVE ACTS OR PRACTICES · Art. B. UNFAIR METHODS OF COMPETITION AND UNFAIR OR DECEPTIVE ACTS OR PRACTICES DEFINED

Statute text

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(a)It is an unfair method of competition or an unfair or deceptive act or practice in the business of insurance to directly or indirectly make, publish, disseminate, or circulate or to aid, abet, or encourage the making, publication, dissemination, or circulation of a statement that:

(1)is false, maliciously critical of, or derogatory to the financial condition of an insurer; and

(2)is calculated to injure a person engaged in the business of insurance.

(b)This section applies to any oral or written statement, including a statement in any pamphlet, circular, article, or literature.

Legislative history

Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.