Texas Insurance Code 541.003 – Unfair Methods of Competition and Unfair or Deceptive Acts or Practices Prohibited
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Terms Used In Texas Insurance Code 541.003
- 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
A person may not engage in this state in a trade practice that is defined in this chapter as or determined under this chapter to be an unfair method of competition or an unfair or deceptive act or practice in the business of insurance.