1201.055 – EXCEPTIONS AND REDUCTIONS OF INDEMNITY. (a) An
Texas Insurance Code § 1201.055
Summary
This law requires individual accident and health insurance policies to clearly state any exceptions or reductions in indemnity. Insurers must present this information either alongside the relevant benefit provisions or under a specific heading, ensuring transparency for policyholders.
Requires clear disclosure of indemnity exceptions in policies.
Exceptions must be printed with relevant benefits or under a caption.
Aims to enhance transparency for policyholders regarding coverage.
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In simple terms: Learn about Texas's EXCEPTIONS AND REDUCTIONS OF INDEMNITY. (a) 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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