Sec. 556.103. DESIGNATION OF PLACE OF INSURANCE ACTIVITIES. (a) The place where a depository institution sells or solicits the purchase of insurance or the place on the premises of a depository institution where insurance is sold or solicited for purchase shall be clearly and conspicuously indicated by signs so that the public can readily distinguish the sale or solicitation as separate from the lending and deposit-taking activities of the depository institution.
(b) The commissioner may grant a waiver from the requirements of this section to a person who files a written request that:
(1) demonstrates that, due to the size of the physical premises of the person, compliance with the requirements is not possible; and
(2) identifies other steps that will be taken to minimize customer confusion.
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 556 - Unfair Methods of Competition and Unfair Practices by Financial Institutions
Subchapter C. Regulation of Practices
Section 556.101. Prohibition on Certain Referrals or Solicitations to Purchase Insurance
Section 556.102. Insurance Sale With Loan Transaction
Section 556.103. Designation of Place of Insurance Activities