Texas Statutes and Rules Pertinent to Life Insurance Only
Under Texas advertising regulations, if a spokesperson receives compensation for endorsing an insurance product, what requirement must be satisfied?
Answer and explanation
Answer: C. Section 21.107(g) requires disclosure when a person is compensated directly or indirectly for a testimonial, endorsement, or appraisal, using language substantially equivalent to Paid Endorsement. Section 21.109 is not the testimonial rule.Source: Texas Department of Insurance — 28 TAC §21.107(g)
More texas statutes and rules pertinent to life insurance only questions
- Under Texas Insurance Code § 1103.055, how does an absolute assignment of a life insurance policy affect beneficiary rights?
- 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?
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