Texas Insurance Code

§ 543.001 — MISREPRESENTATION PROHIBITED

IN § 543.001Title 5. PROTECTION OF CONSUMER INTERESTS · Part C. DECEPTIVE, UNFAIR, AND PROHIBITED PRACTICES · Ch. 543. PROHIBITED PRACTICES RELATED TO POLICY OR CERTIFICATE OF MEMBERSHIP · Art. A. PROHIBITIONS

Statute text

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(a)In this section, "life, health, or casualty insurer" includes a corporation operating on a cooperative or assessment plan, a mutual insurance company, a fraternal benefit society, and any other society or association authorized to issue an insurance policy in this state.

(b)A life, health, or casualty insurer, an officer, director, agent, or representative of that insurer, or any other person, corporation, or copartnership may not:

(1)issue, circulate, or cause or permit to be issued or circulated any statement, including an illustration or estimate, that misrepresents:

(A)the terms of a policy or certificate of membership issued by a life, health, or casualty insurer;

(B)other benefits or advantages provided by the policy or certificate; or

(C)the dividends or share of surplus to be received on the policy or certificate;

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Legislative history

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