Tex. Ins. Code § 1102.003

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 1102.003 - Statement Regarding Value of Foreign Currency

(a) An insurance policy described by Section 1102.002 providing that benefits are payable in foreign currency must include a conspicuous statement that the value of the currency denominated in the policy can fluctuate as compared to the value of United States currency.

(b) The statement must be:

(1) included as part of the policy; or

(2) attached to the insurance policy at the time it is issued.

Tex. Ins. Code § 1102.003

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. 6/1/2003.