Texas Statutes and Rules Pertinent to Life Insurance Only
What requirement applies to a life insurance producer if an applicant indicates that replacement is NOT involved in the application under 28 TAC § 3.1004?
Answer and explanation
Answer: B. 28 TAC § 3.1004 mandates agent certification when no replacement is involved in the application.Source: 28 TAC Chapter 3 / TDI Replacement Rules — Non-Replacement Agent Statement
More texas statutes and rules pertinent to life insurance only questions
- Under Texas Estates Code § 122.001, what happens if a primary beneficiary is convicted of willfully causing the death of the insured (slayer rule)?
- Under Texas Family Code § 9.301, what happens to a former spouse's designation as beneficiary on a life insurance policy upon divorce?
- Under Texas Insurance Code § 1101.006, after a life insurance policy has been in force during the lifetime of the insured for 2 years from issuance, on what grounds can the insurer contest policy validity?
- Under Texas Insurance Code § 1103.003, who possesses the legal right to designate or change beneficiaries on a life policy unless an irrevocable beneficiary is named?
- Under Texas Insurance Code § 1103.055, how does an absolute assignment of a life insurance policy affect beneficiary rights?
- Under Texas Insurance Code § 1103.102, within how many days after receiving proof of death must an insurer pay a life insurance death claim to avoid statutory interest penalties?
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