Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 556.152 - Promotional Materials Disclosure(a) This section applies to each agent that is a depository institution or that, on the premises of a depository institution or in connection with a product offering of a depository institution, sells or solicits the purchase of insurance recommended or sponsored by the depository institution.(b) Promotional materials relating to an insurance product distributed to a customer or potential customer must clearly disclose that an insurance product sold through an agent affiliated with a depository institution:(1) is not insured by the Federal Deposit Insurance Corporation;(2) is not issued, guaranteed, or underwritten by the depository institution or the Federal Deposit Insurance Corporation; and(3) involves investment risk, if appropriate, including potential loss of principal.Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. 4/1/2005.