Texas Statutes and Rules Pertinent to Life Insurance Only
What condition must an insured fulfill to reinstate a lapsed life policy under TIC § 1101.009 besides paying back premiums with interest?
Answer and explanation
Answer: C. TIC § 1101.009 requires proof of insurability as a statutory condition for policy reinstatement.Source: Texas Insurance Code Chapter 1101 — § 1101.009, Evidence of Insurability
More texas statutes and rules pertinent to life insurance only questions
- If an applicant misstates their age as 30 instead of 40 on a life application, and dies 5 years later, how is the claim settled under TIC § 1101.007?
- If an applicant misstates their sex on a life application, resulting in paying lower premiums, how does the insurer settle a death claim under TIC § 1101.007?
- If an employee converts group life insurance to individual coverage under TIC § 1131.108, how is the premium rate for the individual policy calculated?
- If an insured dies during the 31-day grace period BEFORE paying the overdue premium, what payout rule applies under TIC § 1101.005?
- If an insured misstates their age on a Texas life insurance application, what statutory adjustment must the insurer make upon death under TIC § 1101.007?
- May a certificate holder under a Texas group life policy assign the incidents of ownership in the coverage?
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