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Texas Statutes (Last Updated: January 4, 2014) |
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INSURANCE CODE |
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Title 5. PROTECTION OF CONSUMER INTERESTS |
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Subtitle C. DECEPTIVE, UNFAIR, AND PROHIBITED PRACTICES |
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Chapter 547. FALSE ADVERTISING BY UNAUTHORIZED INSURERS |
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Subchapter B. PROHIBITION; ENFORCEMENT |
Sec. 547.051. ACTS PROHIBITED
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(a) This section applies only to an insurer's misrepresentation of:
(1) the insurer's financial condition;
(2) the terms of an existing or future contract;
(3) the benefits or advantages promised by an existing or future contract; or
(4) the dividends or share of surplus to be received on an existing or future contract.
(b) An unauthorized alien or foreign insurer may not:
(1) make, issue, circulate, or cause to be made, issued, or circulated to a resident of this state a misrepresentation in an advertisement, estimate, illustration, circular, pamphlet, or letter that violates Chapter 541; or
(2) cause to be made to a resident of this state in a newspaper, magazine, or other publication, or over a radio or television station, a misrepresentation in an announcement or statement that violates Chapter 541.