This law requires insurers to reduce benefit payments by any unpaid premiums and interest when a claim exceeds what is owed. It affects policyholders with uncontroverted claims who have unpaid amounts under their insurance policies eligible for reinstatement.
Insurers must reduce benefits by unpaid premiums and interest.
Applies to uncontroverted claims exceeding owed amounts.
Only affects policies eligible for reinstatement.
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In simple terms: Learn about Texas's REDUCTION IN BENEFITS. If there is an law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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