Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 5. PROTECTION OF CONSUMER INTERESTS |
Subtitle C. DECEPTIVE, UNFAIR, AND PROHIBITED PRACTICES |
Chapter 541. UNFAIR METHODS OF COMPETITION AND UNFAIR OR DECEPTIVE ACTS OR PRACTICES |
Subchapter B. UNFAIR METHODS OF COMPETITION AND UNFAIR OR DECEPTIVE ACTS OR PRACTICES DEFINED |
Sec. 541.053. DEFAMATION OF INSURER
Latest version.
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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.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.