Question 9014 of 324 · Texas Life, Accident and Health Agent Exam
If a life insurer increases a non-guaranteed charge on an in-force policy covered by the Texas non-guaranteed charge rules (Insurance Code Chapter 1101), it must give the policy owner written notice
Exactly one answer is correct.
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Correct answer to question 9014
- A: not later than the 90th day before the change is applied
Explanation
The notice must show each changed charge, the new, current and guaranteed maximum scales, and the new age and year at which the policy will lapse if payments and coverage do not change.
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