1152.109 – VARIABLE BENEFITS PROVISIONS. (a) A contract
Texas Insurance Code § 1152.109
Summary
This law requires insurance contracts with variable benefits to clearly outline how the benefit amounts are determined. It affects insurance companies operating in Texas and ensures transparency for policyholders regarding the calculation of their benefits.
Contracts must disclose procedures for determining variable benefit amounts.
Applies to all variable benefit insurance contracts in Texas.
Ensures policyholder understanding of benefit calculation methods.
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In simple terms: Learn about Texas's VARIABLE BENEFITS PROVISIONS. (a) A contract 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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