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Texas Insurance Code - INS § 556.152. Promotional Materials Disclosure

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) This section applies to each agent that is a depository institution or that, on the premises of a depository institution or in connection with a product offering of a depository institution, sells or solicits the purchase of insurance recommended or sponsored by the depository institution.

(b) Promotional materials relating to an insurance product distributed to a customer or potential customer must clearly disclose that an insurance product sold through an agent affiliated with a depository institution:

(1) is not insured by the Federal Deposit Insurance Corporation;

(2) is not issued, guaranteed, or underwritten by the depository institution or the Federal Deposit Insurance Corporation;  and

(3) involves investment risk, if appropriate, including potential loss of principal.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 556.152. Promotional Materials Disclosure - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-556-152/

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