Texas Statutes and Rules Common to Life and Health Insurance
Under TIC § 541.060, which insurer practice is classified as an unfair claim settlement practice?
Answer and explanation
Answer: A. TIC § 541.060 defines failing to attempt prompt, fair claim settlement when liability is clear as an unfair practice.Source: Texas Insurance Code Chapter 541 — § 541.060, Unfair Settlement Practices
More texas statutes and rules common to life and health insurance questions
- Why are policy dividends from a participating Texas life policy generally not taxable income to the policyowner?
- Why does Texas exempt certain salaried employees of an insurer from the agent licensing requirement?
- Why does Texas law define transacting insurance broadly rather than by where a contract is signed?
- Why does Texas law limit the percentage of controlled business an agent can write?
- Why does Texas prohibit rebating even when the client clearly benefits from it?
- Why does Texas require agents to keep a current address on file with the Department?
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.