Texas Insurance Code Title 5, Chapter 556 - Unfair Methods Of Competition And Unfair Practices By Financial Institutions

SUBCHAPTER A GENERAL PROVISIONS

• Texas Section 556.001 - Definitions
  In this chapter: (1) "Affiliate" means a person who, directly or indirectly or through one or more intermediaries, controls or is controlled by another person...

SUBCHAPTER B UNFAIR METHODS OR PRACTICES

• Texas Section 556.002 - Rules
  The commissioner may adopt reasonable rules to comply with federal law applicable to the sale of insurance and for the implementation and administration of this...
• Texas Section 556.051 - Unfair Method Of Competition Or Unfair Practice: Tying
  (a) A depository institution engages in an unfair method of competition or an unfair practice in the sale of insurance by the depository institution if...

SUBCHAPTER C REGULATION OF PRACTICES

• Texas Section 556.052 - Unfair Method Of Competition Or Unfair Practice: Failure To Disclose
  A depository institution engages in an unfair method of competition or an unfair practice in the sale of insurance by the depository institution if, on...
• Texas Section 556.101 - Prohibition On Certain Referrals Or Solicitations To Purchase Insurance
  (a) An individual who is an employee or agent of a depository institution or a subsidiary or affiliate of a depository institution may not directly...
• Texas Section 556.102 - Insurance Sale With Loan Transaction
  (a) If insurance is offered or sold to a depository institution's customer in connection with a loan transaction by the depository institution, the insurance salesperson...
• Texas Section 556.103 - Designation Of Place Of Insurance Activities
  (a) The place where a depository institution sells or solicits the purchase of insurance or the place on the premises of a depository institution where...

SUBCHAPTER D DISCLOSURES

• Texas Section 556.104 - Use Of Customer Information
  (a) In this section: (1) "Customer" means a person with an investment, security, deposit, trust, or credit relationship with a financial institution. (2) "Nonpublic customer...
• Texas Section 556.151 - Applicability Of Subchapter
  This subchapter does not apply to a credit life, credit accident and health, credit property, or credit involuntary unemployment insurance policy that is: (1) specifically...
• Texas Section 556.152 - Promotional Materials Disclosure
  (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...
• Texas Section 556.153 - Disclosure At Time Of Loan Application
  (a) At the time a loan application is made, a depository institution shall provide to the customer a written disclosure as required by this section...
• Texas Section 556.154 - Form Of Disclosure
  (a) The disclosure required by Section 556.153 must be in substantially the following form: "CUSTOMER DISCLOSURE "You have applied for a loan with the depository...

Last modified: September 28, 2016