Texas Statutes and Rules Pertinent to Life Insurance Only
Under TIC § 1131.051, what restriction applies to employer group life policies regarding individual selection of insurance amounts?
Answer and explanation
Answer: C. TIC § 1131.051 mandates that group benefit schedules must preclude individual selection to prevent adverse selection.Source: Texas Insurance Code Chapter 1131 — § 1131.051, Precluding Individual Selection
More texas statutes and rules pertinent to life insurance only questions
- What requirement applies to a life insurance producer if an applicant indicates that replacement is NOT involved in the application under 28 TAC § 3.1004?
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