Texas Statutes and Rules Common to Life and Health Insurance
A Texas insurer charges higher life premiums to applicants with a documented history of heart disease. Is this unfair discrimination?
Answer and explanation
Answer: D. Discrimination is unfair only between individuals of the same class and equal expectation of life. A materially different mortality risk places the applicant in a different class.Source: Texas Insurance Code — Tex. Ins. Code ch. 544, actuarially justified classifications
More texas statutes and rules common to life and health insurance questions
- If an agent uses social media platforms (such as Facebook or LinkedIn) to market life insurance products, what Texas advertising rule applies?
- If an applicant for a Texas agent license is denied a license by the Commissioner without a prior hearing under TIC § 4005.103, within how many days must the applicant request a hearing to contest the denial?
- May a Texas agent use Guaranty Association protection as an inducement to sell a covered insurance product?
- May a Texas life agent hold appointments with more than one authorised insurer at the same time?
- Of the 24 required CE hours for a Texas life agent, how many hours must specifically cover Ethics under 28 TAC § 19.1003?
- Several insurers writing in Texas agree among themselves that none will do business with an agency that also represents a new competitor. What does this describe?
590 Texas questions like this one.
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