28 Tex. Admin. Code § 4.1113 - Notice and Disclosure Requirements for Marketing Materials
(a) Any "invitation to contract," as defined
in §
21.102 of this title (relating to
Scope), used in the marketing, solicitation, or sale of a life insurance
contract containing an acceleration-of-life-insurance provision must clearly
and concisely disclose the following:
(1) the
illness, condition, care, or confinement necessary to trigger eligibility for
any acceleration-of-life-insurance benefit;
(2) the effect that an
acceleration-of-life-insurance benefit provision will have on the death benefit
and other values available under the life insurance contract; and
(3) the tax-related disclosures contained in
either subsection (a) or (b) of §
4.1116 of this title (relating to
Disclosures Related to Tax Qualification of Benefits and Benefits' Effect on
Public Assistance), as appropriate, and the disclosure contained in subsection
(c) of §4.1116, or disclosures substantially similar to these
disclosures.
(b) No
insurer or agent, in marketing a life insurance contract that provides
acceleration-of-life-insurance benefits, may mention, illustrate, or refer to
the contract as an alternative or substitute for catastrophic major medical
health insurance.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.