Promotional Materials Disclosure

Sec. 556.152. PROMOTIONAL MATERIALS DISCLOSURE. (a) This section applies to each agent that is a depository institution or that, on the premises of a depository institution or in connection with a product offering of a depository institution, sells or solicits the purchase of insurance recommended or sponsored by the depository institution. (b) Promotional materials relating to an insurance product distributed to a customer or potential customer must clearly disclose that an insurance product sold through an agent affiliated with a depository institution: (1) is not insured by the Federal Deposit Insurance Corporation; (2) is not issued, guaranteed, or underwritten by the depository institution or the Federal Deposit Insurance Corporation; and (3) involves investment risk, if appropriate, including potential loss of principal. Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.