Public-domain · open source
OpenJurist

Tex. Ins. Code § 1102.003

STATEMENT REGARDING VALUE OF FOREIGN CURRENCY

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff

(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.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.