Texas Statutes and Rules Pertinent to Life Insurance Only
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?
Answer and explanation
Answer: B. Misstatement of age adjustments apply at any time, reducing benefits to match correct age rates.Source: Texas Insurance Code Chapter 1101 — § 1101.007, Misstatement of Age Calculation
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