Tex. Ins. Code 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 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.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.

Source: Section 556.152 — Promotional Materials Disclosure, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­556.­htm#556.­152 (accessed May 4, 2024).

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Accessed:
May 4, 2024

§ 556.152’s source at texas​.gov