1101.007 – STATEMENTS OF INSURED. A life insurance policy
Texas Insurance Code § 1101.007
Summary
This law clarifies that statements made by an insured in a life insurance policy are treated as representations rather than warranties, unless fraud is involved. This affects both insurers and insured parties by establishing the nature of statements made during the insurance process.
Statements by insured are representations, not warranties.
Fraud is the only exception to this rule.
Applies specifically to life insurance policies.
Frequently Asked Questions
Why Attorneys Choose FlawFinder
Side-by-side with Westlaw and LexisNexis
Feature
FlawFinder
Westlaw
LexisNexis
Monthly price
$19 - $99
$133 - $646
$153 - $399
Contract
None
1-3 year min
1-6 year min
Hidden fees
$0, always
Up to $469/search
$25/mo + per-doc
Police SOPs
✓ 310+ departments
✗
✗
Zero-hallucination AI
✓ CitationGuard
✗
✗
Cancel
One click
Termination fees
No option to cancel
Explain Like I'm 5
In simple terms: Learn about Texas's STATEMENTS OF INSURED. A life insurance policy law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
FlawFinder provides legal information, not legal advice. Consult a licensed attorney for specific legal guidance.