Sec. 4055.014. DISCLOSURES REQUIRED BEFORE ISSUANCE OF INSURANCE. Except as provided by Section 4055.105, insurance coverage may not be issued under this chapter unless:
(1) at each location at which sales of the coverage occur, brochures or other written materials are prominently displayed and readily available to a prospective consumer that:
(A) summarize, clearly and correctly, the material terms of the coverage offered to consumers, including the identity of the insurer;
(B) disclose that the coverage offered by the specialty license holder may duplicate coverage already provided by a consumer's personal auto insurance policy, homeowner's insurance policy, personal liability insurance policy, or another source of coverage;
(C) state that, except as specifically provided by another law of this state or the United States, the purchase by the consumer of the kind of insurance offered is not required to complete the associated consumer transaction;
(D) describe the process for filing a claim for benefits; and
(E) contain any additional information required by the commissioner by rule regarding the price, benefits, exclusions, conditions, or other limitations of the coverage; and
(2) evidence of coverage is provided to each consumer who purchases the coverage.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.
Structure Texas Statutes
Title 13 - Regulation of Professionals
Chapter 4055 - Specialty Agents
Subchapter A. General Provisions
Section 4055.002. Applicability of Chapter to Certain Agents
Section 4055.005. License Issuance
Section 4055.006. Examination and Continuing Education Not Required
Section 4055.007. Appointment as Agent by Insurer
Section 4055.008. General Powers and Duties
Section 4055.009. Certain Representations Prohibited
Section 4055.010. Treatment of Certain Premiums
Section 4055.011. Authority of Employee of Specialty License Holder
Section 4055.012. Training Required to Act on Behalf of Specialty License Holder
Section 4055.013. Assignment and Transfer of Compensation by Certain Agents
Section 4055.014. Disclosures Required Before Issuance of Insurance
Section 4055.015. Violation by Specialty License Holder; Penalties