Texas § 1102.003 STATEMENT REGARDING VALUE OF FOREIGN CURRENCY.

Texas Statutes

§ 1102.003 — STATEMENT REGARDING VALUE OF FOREIGN CURRENCY.

Texas § 1102.003

Code INInsurance Code

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Bluebook

Tex. Insurance Code Code Ann. § 1102.003 (2026).

Text

Sec. 1102.003. STATEMENT REGARDING VALUE OF FOREIGN CURRENCY.

(a)An insurance policy described by Section 1102.002 providing that benefits are payable in foreign currency must include a conspicuous statement that the value of the currency denominated in the policy can fluctuate as compared to the value of United States currency.

(b)The statement must be:

(1)included as part of the policy; or

(2)attached to the insurance policy at the time it is issued.

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Sec. 1102.003. STATEMENT REGARDING VALUE OF FOREIGN CURRENCY. (a) An insurance policy described by Section 1102.002 providing that benefits are payable in foreign currency must include a conspicuous statement that the value of the currency denominated in the policy can fluctuate as compared to the value of United States currency.
(b) The statement must be:
(1) included as part of the policy; or
(2) attached to the insurance policy at the time it is issued.