Sec. 463.451. PROHIBITED USE OF PROTECTION PROVIDED BY CHAPTER. (a) A person may not make, publish, disseminate, circulate, or place before the public, or directly or indirectly cause to be made, published, disseminated, circulated, or placed before the public, a written or oral advertisement, announcement, or statement that uses the existence of the association to sell, solicit, or induce the purchase of a kind of insurance with respect to which this chapter provides coverage.
(b) This section applies to an advertisement, announcement, or statement made, published, disseminated, circulated, or placed before the public:
(1) in a newspaper, magazine, or other publication;
(2) in a notice, circular, pamphlet, letter, or poster;
(3) over a radio or television station; or
(4) in any other manner.
(c) Except as provided by Section 463.114, the use by a person of the protection provided by this chapter in the sale of insurance is unfair competition and an unfair practice under Chapter 541.
(d) This section does not apply to the association or any other entity that does not sell or solicit insurance.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.
Section: Previous 463.302 463.303 463.304 463.351 463.352 463.353 463.354 463.355 463.356 463.357 463.358 463.401 463.402 463.403 463.404Last modified: September 28, 2016