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 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. 541.061. MISREPRESENTATION OF INSURANCE POLICY

Latest version.

  • It is an unfair method of competition or an unfair or deceptive act or practice in the business of insurance to misrepresent an insurance policy by:

    (1) making an untrue statement of material fact;

    (2) failing to state a material fact necessary to make other statements made not misleading, considering the circumstances under which the statements were made;

    (3) making a statement in a manner that would mislead a reasonably prudent person to a false conclusion of a material fact;

    (4) making a material misstatement of law; or

    (5) failing to disclose a matter required by law to be disclosed, including failing to make a disclosure in accordance with another provision of this code.

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