Tex. Insurance Code § 541.055
This is the official text of Tex. Insurance Code § 541.055, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
§ 541.055. FALSE FINANCIAL STATEMENT.
Official statutory text
(a) It is an unfair method of competition or an unfair or deceptive act or practice in the business of insurance to, with intent to deceive:
(1) file with a supervisory or other public official a false statement of financial condition of an insurer; or
(2) make, publish, disseminate, circulate, deliver to any person, or place before the public or directly or indirectly cause to be made, published, disseminated, circulated, delivered to any person, or placed before the public a false statement of financial condition of an insurer.
(b) It is an unfair method of competition or an unfair or deceptive act or practice in the business of insurance to make a false entry in an insurer's book, report, or statement or wilfully omit to make a true entry of a material fact relating to the insurer's business in the insurer's book, report, or statement with intent to deceive:
(1) an agent or examiner lawfully appointed to examine the insurer's condition or affairs; or
(2) a public official to whom the insurer is required by law to report or who has authority by law to examine the insurer's condition or affairs.
(1) file with a supervisory or other public official a false statement of financial condition of an insurer; or
(2) make, publish, disseminate, circulate, deliver to any person, or place before the public or directly or indirectly cause to be made, published, disseminated, circulated, delivered to any person, or placed before the public a false statement of financial condition of an insurer.
(b) It is an unfair method of competition or an unfair or deceptive act or practice in the business of insurance to make a false entry in an insurer's book, report, or statement or wilfully omit to make a true entry of a material fact relating to the insurer's business in the insurer's book, report, or statement with intent to deceive:
(1) an agent or examiner lawfully appointed to examine the insurer's condition or affairs; or
(2) a public official to whom the insurer is required by law to report or who has authority by law to examine the insurer's condition or affairs.
Status: in_force · Read it on the official government site
Need a lawyer in Texas?
Find a Texas lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.