Tex. Ins. Code Section 549.053
Use of Policy Information

(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.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 548 (S.B. 1263), Sec. 2.02, eff. September 1, 2007.

Source: Section 549.053 — Use of Policy Information, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­549.­htm#549.­053 (accessed Apr. 29, 2024).

Green check means up to date. Up to date

Accessed:
Apr. 29, 2024

§ 549.053’s source at texas​.gov