Question 11015 of 287 · Texas Life, Accident and Health Agent Exam

After a policyholder dies, a Texas life policy must provide that settlement will be made not later than

Exactly one answer is correct.

Atwo months after receipt of proof of death and of the claimant's right to the proceeds
B30 days after the date of the insured's death, based on the company's internal procedures
Csix months after the policy anniversary
Done year after the claim is filed

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Correct answer to question 11015

A: two months after receipt of proof of death and of the claimant's right to the proceeds

The statute sets a maximum settlement period that runs from receipt of proof of the death and of the claimant's right to the proceeds.