Texas Statutes and Rules Common to Life and Health Insurance
An agent circulates a flyer falsely stating that a competing insurer is close to insolvency. Which Texas unfair practice is that?
Answer and explanation
Answer: C. Chapter 541 makes it an unfair method of competition to make, publish, or circulate a false statement that is derogatory to the financial condition of an insurer and calculated to injure it.Source: Texas Insurance Code — Tex. Ins. Code ch. 541, subch. B, defamation of an insurer
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