Tex. Ins. Code § 1702.053 · Subchapter B. ANCILLARY PRODUCTS OR SERVICES AND PROHIBITED INDUCEMENTS
NONCASH GIFTS, CHARITABLE DONATIONS, RAFFLES, OR OTHER ITEMS AND SERVICES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) An insurer, health maintenance organization, or agent may offer or provide noncash gifts, items, or services, including meals, to or charitable donations on behalf of a consumer, in connection with the marketing, sale, purchase, or retention of policies or contracts of insurance, annuity, or health care plan coverage, provided:
(1) the cost does not exceed an amount determined to be reasonable by the commissioner per policy or contract year per term;
(2) the offer is made in a manner that is not unfairly discriminatory; and
(3) the consumer is not required to purchase, continue to purchase, or renew a policy or contract in exchange for the gift, item, or service.
(b) An insurer, health maintenance organization, or agent may conduct raffles or drawings to the extent permitted by the laws of this state, provided:
(1) there is no financial cost to participate;
(2) the raffle or drawing does not obligate participants to purchase, continue to purchase, or renew a policy or contract;
(3) the prizes are not valued in excess of a reasonable amount determined by the commissioner and the raffle or drawing is open to the public; and
(4) the raffle or drawing is offered in a manner that is not unfairly discriminatory.
Notes and commentary — not statutory text
History
Added by Acts 2025, 89th Leg., R.S., Ch. 581 (H.B. 2221), Sec. 2, eff. September 1, 2025.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.1702.htm
- Text hash
- sha256 a514ee72c7397c4cab892f2fda52001579022e16218b5eb1445ff857cc412454
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Cited by 1 provision
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Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.