Tex. Ins. Code § 541.001 : INSURANCE CODE — PROTECTION OF CONSUMER INTERESTS — DECEPTIVE, UNFAIR, AND PROHIBITED PRACTICES — UNFAIR METHODS OF COMPETITION AND UNFAIR OR DECEPTIVE ACTS OR PRACTICES — GENERAL PROVISIONS — Purpose TEXT PDF The purpose of this chapter is to regulate trade practices in the business of insurance by: (1) defining or providing for the determination of trade practices in this state that are unfair methods of competition or unfair or deceptive acts or practices; and (2) prohibiting those trade practices. Tex. Ins. Code § 541.001 Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. 4/1/2005.