Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 556.104 - Use of Customer Information(a) In this section:(1) "Customer" means a person with an investment, security, deposit, trust, or credit relationship with a financial institution.(2) "Nonpublic customer information" means information relating to an individual that is derived from a bank record, including information concerning insurance premiums, the terms and conditions of insurance coverage, insurance expirations, insurance claims, and insurance history of the individual. The term does not include a customer's name, address, or telephone number.(b) A person may not use nonpublic customer information for the purpose of selling or soliciting the purchase of insurance, or provide nonpublic customer information to a third party for the purpose of another's selling or soliciting the purchase of insurance, unless:(1) it is clearly and conspicuously disclosed that the nonpublic customer information may be used for that purpose; and(2) the customer has been provided an opportunity to object before the time the information is used.Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. 4/1/2005.