Tex. Ins. Code § 1810.001 · Chapter 1810. PROMOTIONAL EVENT PRIZE PROGRAMS
DEFINITION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
In this chapter, "promotional event prize program" means a written contract entered into in this state for commercial marketing or promotional purposes:
(1) under which a monetary risk is transferred from one or more parties to the contract to another party to the contract;
(2) that does not require as a condition precedent to the imposition of contractual liability on the part of the person accepting the risk:
(A) actual economic loss by the person who transfers the risk; or
(B) submission of proof of economic loss by the person transferring the risk; and
(3) that specifically states that the contract is not for insurance and performance under the contract is not covered by any state guaranty association.
Notes and commentary — not statutory text
History
Added by Acts 2007, 80th Leg., R.S., Ch. 246 (H.B. 2708), Sec. 1, eff. May 25, 2007.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.1810.htm
- Text hash
- sha256 af28f383f2703a79b1ab0648111c4fba10c37bb5a5bb384f31b8c8d54a98e8d8
- 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
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.