Texas Insurance Code and Practices Flashcard

Front

What does Texas Insurance Code § 541.051 prohibit in the context of advertising materials for a new policy?

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False or misleading statements about policy terms

Front

Which section of the Texas Insurance Code addresses false advertising of policy rates?

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§ 541.052

Front

Under Texas Insurance Code § 541.053, what is an example of naming a policy 'Comprehensive Health Coverage' that excludes common procedures?

Back

Naming a policy 'Comprehensive Health Coverage' that excludes common procedures

Front

What illegal action has Olivia, an insurance agent in Texas, committed by telling a client that a policy covers flood damage when it does not?

Back

False or misleading statements of fact about an insurance policy

Front

Which section of the Texas Insurance Code outlines prohibited insurance trade practices?

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§ 541.060

Front

According to Texas Insurance Code § 542.001, what is an example of using aggressive sales tactics to pressure customers?

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Using aggressive sales tactics to pressure customers

Front

Main purpose of Texas Insurance Code § 701.001?

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To protect consumers and ensure fair practices

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What does Texas Insurance Code § 4001.104 prohibit?

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Certain acts and practices related to the sale and marketing of insurance products

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Anika, an insurance agent in Texas, refuses to pay a legitimate claim to a policyholder without providing a valid reason. Which of the following is an example of a prohibited act under Texas Insurance Code § 4005.101?

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Refusing to pay legitimate claims without a valid reason

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What does Texas Administrative Code (TAC) § 21.4 cover?

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General provisions related to the regulation of insurance practices