Texas Statutes and Rules Pertinent to Life Insurance Only
Under TIC § 1131.053, what requirement applies to creditor group life insurance issued to cover debtors?
Answer and explanation
Answer: A. TIC § 1131.053 limits creditor group life coverage to the actual outstanding debt balance.Source: Texas Insurance Code Chapter 1131 — § 1131.053, Creditor Group Limit
More texas statutes and rules pertinent to life insurance only questions
- If an insured dies during the 31-day grace period BEFORE paying the overdue premium, what payout rule applies under TIC § 1101.005?
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