Texas Statutes and Rules Pertinent to Life Insurance Only
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?
Answer and explanation
Answer: A. TIC § 1101.007 applies benefit adjustments for misstatement of sex exactly as for misstatement of age.Source: Texas Insurance Code Chapter 1101 — § 1101.007, Misstatement of Sex
More texas statutes and rules pertinent to life insurance only questions
- Under Texas Insurance Code § 1103.102, within how many days after receiving proof of death must an insurer pay a life insurance death claim to avoid statutory interest penalties?
- Under Texas Insurance Code Chapter 425 (Subchapter B), what is the primary statutory purpose of establishing legal reserve requirements for life insurers?
- Under Texas law, why does it matter that an insured's application statements are representations rather than warranties?
- Under Texas law, why does the advance payment principle make the grace period necessary?
- Under Texas Replacement regulations (28 TAC § 3.1003), how is a transaction treated if a policyowner exercises a contractual right to convert a term policy to a whole life policy with the same insurer?
- Under Texas Replacement regulations, what recordkeeping duty is imposed on a replacing insurer regarding the replacement notices provided by its agents?
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.