Texas Statutes and Rules Pertinent to Life Insurance Only
What does an accelerated death benefit provision let a Texas policyowner do?
Answer and explanation
Answer: C. An accelerated benefit advances a portion of the death benefit while the insured is living, on proof of a qualifying event such as terminal illness, and reduces what is later paid at death.Source: Texas Department of Insurance — TDI life insurance guidance: accelerated death benefits
More texas statutes and rules pertinent to life insurance only questions
- 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?
- Under 28 TAC § 21.103 (Texas Insurance Advertising Rules), who bears ultimate legal responsibility for all advertisements generated or used by an insurance producer?
- Under 28 TAC § 3.1004, what specific written list must a replacing life insurance agent leave with the applicant at the time of application?
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