Texas Statutes and Rules Common to Life and Health Insurance
A Texas insurer routinely offers beneficiaries substantially less than the policy face amount, hoping some will accept. What does this practice violate?
Answer and explanation
Answer: D. Chapter 541 forbids compelling a policyholder to institute a suit to recover an amount due by offering substantially less than the amount ultimately recovered.Source: Texas Insurance Code — Tex. Ins. Code ch. 541, subch. B, low-ball settlement offers
More texas statutes and rules common to life and health insurance questions
- What type of license permits an individual to represent insurance buyers as an independent consultant charging fee-based insurance advice in Texas?
- When an agent uses an assumed name (DBA) for insurance business in Texas, what registration requirement must be satisfied under TIC § 4001.106?
- When does Texas life-insurance advertising prohibit terms such as savings, investment, or profit-sharing?
- When setting an administrative penalty, which factor is most consistent with Texas penalty provisions?
- Which activity constitutes transacting the business of insurance in Texas?
- Which conduct is a clear statutory ground for revoking a Texas agent's licence?
590 Texas questions like this one.
Every answer explained, the ones you miss come back on a spaced schedule, and a plan built from your exam date.