Texas Administrative Code
Title 28 - INSURANCE
Part 1 - TEXAS DEPARTMENT OF INSURANCE
Chapter 3 - LIFE, ACCIDENT, AND HEALTH INSURANCE AND ANNUITIES
Subchapter CC - STANDARDS FOR ACCELERATION-OF-LIFE-INSURANCE BENEFITS FOR INDIVIDUAL AND GROUP POLICIES AND RIDERS
Section 3.4311 - Unfair, Discriminatory or Deceptive Practices Prohibited
Universal Citation: 28 TX Admin Code § 3.4311
Current through Reg. 50, No. 13; March 28, 2025
(a) Acceleration-of-life-insurance benefit provisions are subject to the Insurance Code Chapter 541 (concerning Unfair Methods of Competition and Unfair or Deceptive Acts or Practices) and rules promulgated under Chapter 541.
(b) Insurers offering acceleration-of-life-insurance benefits shall not engage in unfair, discriminatory or deceptive practices in relation to the offer, sale or administration of acceleration-of-life-insurance benefits, including, but not limited to, the following practices:
(1)
reclassification of the insured as a result of payment of the benefit specified
in an acceleration-of-life-insurance benefit provision to a class of risk less
favorable than the class of risk to which the insured originally
belonged;
(2) unfair discrimination
among insureds with differing qualifying events; or
(3) unfair discrimination among insureds with
similar qualifying events.
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