Texas Insurance Code 704.002 – Notice Relating to False or Fraudulent Claims Required
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(a) A plan issuer who provides a form for a person to make a claim against or to give notice of the person’s intent to make a claim against a policy, certificate, contract, or evidence of coverage issued by the issuer must include on the form, in comparative prominence with the other content on the form, a statement that is substantially similar to the following: “Any person who knowingly presents a false or fraudulent claim for the payment of a loss is guilty of a crime and may be subject to fines and confinement in state prison.”
(b) This section does not apply to a form provided to make a claim against a policy issued by a reinsurer.
Terms Used In Texas Insurance Code 704.002
- Contract: A legal written agreement that becomes binding when signed.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005