1111.052 – AUTHORITY TO PAY ACCELERATED TERM LIFE BENEFITS.
Texas Insurance Code § 1111.052
Summary
This law allows insurers to pay out accelerated benefits from term life insurance policies when the insured has a serious medical condition. It applies to both individual and group policies and requires a satisfactory medical opinion confirming the condition.
Insurers can pay early benefits for serious health conditions.
Requires a written medical opinion from a qualified professional.
Applicable to both individual and group term life insurance policies.
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In simple terms: Learn about Texas's AUTHORITY TO PAY ACCELERATED TERM LIFE BENEFITS. 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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