Texas Statutes and Rules Common to Life and Health Insurance
Under Texas law, what element distinguishes unlawful boycott or coercion from ordinary hard bargaining between an insurer and an agency?
Answer and explanation
Answer: D. Businesses may negotiate terms freely. The statute reaches conduct whose tendency is to restrain trade or create a monopoly in the business of insurance.Source: Texas Insurance Code — Tex. Ins. Code ch. 541, subch. B, restraint of trade standard
More texas statutes and rules common to life and health insurance questions
- Several insurers writing in Texas agree among themselves that none will do business with an agency that also represents a new competitor. What does this describe?
- TDI investigates a complaint and believes a producer's sales presentation violated Chapter 541. What should happen before a final cease-and-desist order is based on that charge?
- TDI is examining whether a life insurer's Texas practices match its filed procedures. Which item is most appropriate for the examiner to review?
- The Commissioner has reason to believe an insurer used an unfair method of competition. What procedural step normally protects the insurer before an order is entered?
- Two insurers agree to intimidate agencies into refusing business with a competitor, tending to unreasonably restrain the insurance market. Which Texas prohibition most directly applies?
- Under 28 TAC § 19.1011, what grace period is granted to an agent to complete missing CE hours after license expiration by paying an additional fine?
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