Prohibition against the Use of Guaranty Fund Protection in the Sale of Insurance

The use in any manner of the protection afforded by the Life and Health Insurance Guaranty Association Act (the Act) by any person in the sale of any product included within the scope of the Act (Insurance Code Chapter 463) will constitute unfair competition and unfair practices under Insurance Code Chapter 541 and will be subject to the provisions thereof.

Source Note: The provisions of this §21.6 adopted to be effective May 2, 1989, 14 TexReg 1871; amended to be effective November 7, 2021, 46 TexReg 7408.