Sec. 542.004. EXAMINATION OF TAX RETURNS PROHIBITED. (a) An insurer regulated under this code may not require a claimant, as a condition of settling a claim, to produce the claimant's federal income tax returns for examination or investigation by the insurer unless:
(1) the claimant is ordered to produce the tax returns by a court; or
(2) the claim involves:
(A) a fire loss; or
(B) a loss of profits or income.
(b) An insurer that violates this section commits:
(1) a prohibited practice under this subchapter; and
(2) a deceptive trade practice under Subchapter E, Chapter 17, Business & Commerce Code.
(c) A claimant affected by a violation of this section is entitled to remedies under Subchapter E, Chapter 17, Business & Commerce Code.
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 542 - Processing and Settlement of Claims
Subchapter A. Unfair Claim Settlement Practices
Section 542.002. Applicability of Subchapter
Section 542.003. Unfair Claim Settlement Practices Prohibited
Section 542.004. Examination of Tax Returns Prohibited
Section 542.005. Record of Complaints
Section 542.006. Periodic Reporting Requirement
Section 542.007. Comparison of Certain Insurers to Minimum Standard of Performance; Investigation
Section 542.008. Complaints Against Insurers; Investigation
Section 542.009. Review of Investigation Results; Hearing
Section 542.010. Cease and Desist Order; Enforcement
Section 542.011. Time Limit to Appeal