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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) An insurance policy described by Section 1102.002 providing that benefits are payable in foreign currency must include a conspicuous statement that the value of the currency denominated in the policy can fluctuate as compared to the value of United States currency.
(b) The statement must be:
(1) included as part of the policy; or
(2) attached to the insurance policy at the time it is issued.
Cite this article: FindLaw.com - Texas Insurance Code - INS § 1102.003. Statement Regarding Value of Foreign Currency - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-1102-003/
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