Texas § IN.556.052 - UNFAIR METHOD OF COMPETITION OR UNFAIR PRACTICE
Full text of Texas The Texas Constitution § IN.556.052 — UNFAIR METHOD OF COMPETITION OR UNFAIR PRACTICE, with citation guidance and answers to common questions.
§ IN.556.052. UNFAIR METHOD OF COMPETITION OR UNFAIR PRACTICE
UNFAIR METHOD OF COMPETITION OR UNFAIR PRACTICE: FAILURE TO DISCLOSE. A depository institution engages in an unfair method of competition or an unfair practice in the sale of insurance by the depository institution if, on the premises of the depository institution or in connection with a product offering of the depository institution, the depository institution sells or solicits the purchase of insurance or a person sells or solicits the purchase of insurance recommended or sponsored by the depository institution and the depository institution or person fails to clearly disclose in all promotional materials relating to an insurance product distributed to customers and potential customers that: (1) an insurance product sold through or in the depository institution or a subsidiary or affiliate of the depository institution is not insured by the Federal Deposit Insurance Corporation; (2) the insurance product is not issued, guaranteed, or underwritten by the depository institution or the Federal Deposit Insurance Corporation; and (3) the insurance product involves investment risk, if appropriate, including potential loss of principal. Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005. SUBCHAPTER C. REGULATION OF PRACTICES
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § IN.556.052
What does The Texas Constitution § IN.556.052 cover?
Section IN.556.052 ("UNFAIR METHOD OF COMPETITION OR UNFAIR PRACTICE") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § IN.556.052?
A common citation format is "The Texas Constitution § IN.556.052" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § IN.556.052 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.