Sec. 541.053. DEFAMATION OF INSURER. (a) It is an unfair method of competition or an unfair or deceptive act or practice in the business of insurance to directly or indirectly make, publish, disseminate, or circulate or to aid, abet, or encourage the making, publication, dissemination, or circulation of a statement that:
(1) is false, maliciously critical of, or derogatory to the financial condition of an insurer; and
(2) is calculated to injure a person engaged in the business of insurance.
(b) This section applies to any oral or written statement, including a statement in any pamphlet, circular, article, or literature.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.
Structure Texas Statutes
Title 5 - Protection of Consumer Interests
Subtitle C - Deceptive, Unfair, and Prohibited Practices
Chapter 541 - Unfair Methods of Competition and Unfair or Deceptive Acts or Practices
Subchapter B. Unfair Methods of Competition and Unfair or Deceptive Acts or Practices Defined
Section 541.051. Misrepresentation Regarding Policy or Insurer
Section 541.052. False Information and Advertising
Section 541.053. Defamation of Insurer
Section 541.054. Boycott, Coercion, or Intimidation
Section 541.055. False Financial Statement
Section 541.056. Prohibited Rebates and Inducements
Section 541.057. Unfair Discrimination in Life Insurance and Annuity Contracts
Section 541.058. Certain Practices Not Considered Discrimination or Inducement
Section 541.059. Deceptive Name, Word, Symbol, Device, or Slogan