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.