Sec. 541.061.  MISREPRESENTATION OF INSURANCE POLICY.  It is an unfair method of competition or an unfair or deceptive act or practice in the business of insurance to misrepresent an insurance policy by:
(1)  making an untrue statement of material fact;
(2)  failing to state a material fact necessary to make other statements made not misleading, considering the circumstances under which the statements were made;
(3)  making a statement in a manner that would mislead a reasonably prudent person to a false conclusion of a material fact;
(4)  making a material misstatement of law;  or
(5)  failing to disclose a matter required by law to be disclosed, including failing to make a disclosure in accordance with another provision of this code.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.