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Current as of January 01, 2024 | Updated by Findlaw Staff
Except as provided by Section 4055.105, insurance coverage may not be issued under this chapter unless:
(1) at each location at which sales of the coverage occur, brochures or other written materials are prominently displayed and readily available to a prospective consumer that:
(A) summarize, clearly and correctly, the material terms of the coverage offered to consumers, including the identity of the insurer;
(B) disclose that the coverage offered by the specialty license holder may duplicate coverage already provided by a consumer's personal auto insurance policy, homeowner's insurance policy, personal liability insurance policy, or another source of coverage;
(C) state that, except as specifically provided by another law of this state or the United States, the purchase by the consumer of the kind of insurance offered is not required to complete the associated consumer transaction;
(D) describe the process for filing a claim for benefits; and
(E) contain any additional information required by the commissioner by rule regarding the price, benefits, exclusions, conditions, or other limitations of the coverage; and
(2) evidence of coverage is provided to each consumer who purchases the coverage.
Cite this article: FindLaw.com - Texas Insurance Code - INS § 4055.014. Disclosures Required Before Issuance of Insurance - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-4055-014/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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