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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) Except as otherwise provided by this section, a lender may not:
(1) use or permit the use of any information taken from an insurance policy insuring the borrower's property for the purpose of soliciting insurance business from the borrower; or
(2) make information taken from an insurance policy insuring the borrower's property available to any other person for any purpose.
(b) Subsection (a) does not:
(1) apply if the borrower provides the lender with specific written authority permitting or directing the particular use or disclosure of information before the use or disclosure occurs; or
(2) prevent a lender who is a licensed general property and casualty agent or a personal lines property and casualty agent from selling insurance to a borrower.
Cite this article: FindLaw.com - Texas Insurance Code - INS § 549.053. Use of Policy Information - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-549-053/
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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