Texas Statutes and Rules Pertinent to Life Insurance Only
Under Texas Estates Code § 122.001, what happens if a primary beneficiary is convicted of willfully causing the death of the insured (slayer rule)?
Answer and explanation
Answer: C. Texas slayer statute (Estates Code § 122.001) forfeits life proceeds for beneficiaries who feloniously kill the insured.Source: Texas Estates Code Chapter 122 — § 122.001, Slayer Rule
More texas statutes and rules pertinent to life insurance only questions
- A Texas ordinary whole life policy reaches its stated maturity date and the insured is still alive. What does the insurer do?
- A Texas owner pays an annual premium and the insured dies four months into that policy year. What happens to the unearned premium?
- A Texas owner's policy loan plus accrued interest grows until it equals the policy's cash value. What happens?
- A Texas policy states that no suit may be brought more than six months after a claim is denied. How is that clause treated?
- A Texas whole life policy has accumulated cash value and the owner requests a policy loan. What is the insurer's obligation?
- An insured has a life insurance policy with a $100,000 death benefit. To secure a bank loan, the insured executes a collateral assignment. If the insured dies when the outstanding loan balance is $30,000, how will the death benefit be distributed?
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.