28 Tex. Admin. Code § 3.3076 - Minimum Standards for Accident Only Coverage
"Accident only coverage" is a policy of accident insurance which provides coverage, singularly or in combination, for death, dismemberment, disability, or hospital and medical care caused by accident. Such coverage provided shall meet the following criteria.
(1) Accidental death and double dismemberment
amounts shall be at least $1,000.
(2) Single dismemberment amounts shall be at
least $500.
(3) Accidental death
and dismemberment benefits shall be payable if the loss occurs within a period
of time not less than 90 days from the date of the accident, irrespective of
total disability.
(4) Specific
dismemberment(s) benefit(s) may not be provided in lieu of other benefits
unless the specific dismemberment(s) benefit(s) equals or exceeds the other
benefit.
(5) Disability income
benefits, where provided, may not require the loss to commence less than 30
days after the date of accident nor shall any policy which the insurer cancels
or refuses to renew require that it be in force at the time disability
commences if the accident occurred while the policy was in force and the
disability commenced within the time limit specified in the policy.
Notes
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