1201.058 – NOTIFICATION THAT POLICY IS RETURNABLE; EFFECT
Texas Insurance Code § 1201.058
Summary
This law requires individual accident and health insurance policies to inform policyholders that they can return the policy within 10 days for a full premium refund if unsatisfied. It ensures consumers are aware of their right to reconsider their purchase after reviewing the policy details.
Policyholders can return the policy within 10 days.
Full premium refund is available if unsatisfied.
Notification must be included in the policy documentation.
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In simple terms: Learn about Texas's NOTIFICATION THAT POLICY IS RETURNABLE; EFFECT 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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