Texas Statutes and Rules Pertinent to Life Insurance Only
A Texas policy states that no suit may be brought more than six months after a claim is denied. How is that clause treated?
Answer and explanation
Answer: A. A provision below the statutory floor does not void the policy. It simply fails, and the statutory minimum period applies in its place.Source: Texas Insurance Code — Tex. Ins. Code ch. 1101, provisions inconsistent with statutory minimums
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- If an applicant misstates their age as 30 instead of 40 on a life application, and dies 5 years later, how is the claim settled under TIC § 1101.007?
- If an applicant misstates their sex on a life application, resulting in paying lower premiums, how does the insurer settle a death claim under TIC § 1101.007?
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