Texas Statutes and Rules Pertinent to Life Insurance Only
Which provision may NOT be included in a Texas individual life insurance policy?
Answer and explanation
Answer: B. Texas requires an incontestability provision limiting contest to the first two years. A policy may not reserve a perpetual right to contest, and provisions less favourable than the statute are void.Source: Texas Insurance Code — Tex. Ins. Code ch. 1101, required and prohibited policy provisions
More texas statutes and rules pertinent to life insurance only questions
- What disclosure does Texas require when accelerated benefits are offered on a life policy?
- What does an accelerated death benefit provision let a Texas policyowner do?
- What does it mean that life insurance premiums in Texas are payable in advance?
- What is a collateral assignment of a life insurance policy under Texas law?
- What is the primary purpose of credit life insurance?
- What key cost comparison index numbers are included in a Texas life insurance Policy Summary to help buyers evaluate relative policy costs?
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.