Texas Statutes and Rules Pertinent to Life Insurance Only
What key cost comparison index numbers are included in a Texas life insurance Policy Summary to help buyers evaluate relative policy costs?
Answer and explanation
Answer: D. Policy Summaries include the Life Insurance Surrender Cost Index and Net Payment Cost Index.Source: 28 TAC § 3.3701 / TDI Disclosure Rules — Cost Comparison Indexes
More texas statutes and rules pertinent to life insurance only questions
- A Texas group life plan offers dependent coverage on an employee's spouse and children. Who is ordinarily the beneficiary of the dependent's benefit?
- A Texas individual life policy has been in force for more than two years during the insured’s lifetime, and its incontestability period has expired. May the insurer rely on a contractual fraud exception to reopen a contest about the original application?
- A Texas insured dies with an outstanding policy loan and accrued loan interest. How is the death benefit settled?
- A Texas insured innocently gives a slightly inaccurate date for a past medical consultation that would not have changed underwriting. May the insurer void the policy?
- A Texas life policy contains a provision that is less favourable to the insured than the Insurance Code requires. What is the effect?
- A Texas life policy sets a period within which suit must be brought on a claim. What does the Insurance Code require of that period?
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.