Texas Administrative Code
Title 28 - INSURANCE
Part 1 - TEXAS DEPARTMENT OF INSURANCE
Chapter 21 - TRADE PRACTICES
Subchapter B - ADVERTISING, CERTAIN TRADE PRACTICES, AND SOLICITATION
Division 1 - INSURANCE ADVERTISING
Section 21.115 - Rules Pertaining Specifically to Property and Casualty Insurance Advertising
Universal Citation: 28 TX Admin Code § 21.115
Current through Reg. 50, No. 13; March 28, 2025
(a) No advertisement may use the word "dividends" or similar words or illustrations in such a manner as to state or to imply that future dividends are guaranteed or certain to occur.
(b) The word "dividends" includes every return of premium and payment to policyholders on a particular policy that is predicated on the financial performance or earnings of the insurer, but does not include the return of premium under a nondiscretionary provision or endorsement in a policy clearly providing for the payment under a rating plan approved or promulgated by the Texas Department of Insurance.
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