Texas Statutes and Rules Pertinent to Life Insurance Only
If an insured dies during the 31-day grace period BEFORE paying the overdue premium, what payout rule applies under TIC § 1101.005?
Answer and explanation
Answer: C. TIC § 1101.005 mandates paying full benefits during the grace period, deducting the unpaid premium.Source: Texas Insurance Code Chapter 1101 — § 1101.005, Death During Grace Period
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