Exams / Texas Life Insurance License / Tex. Ins. Code §1101.206
Tex. Ins. Code §1101.206 — what it says, and how the exam tests it
This section is cited by 2 of our practice questions and is tested on 2 exams including the Texas Life Insurance License.
The text
Sec. 1101.206. ANNUAL ILLUSTRATION. Regardless of whether any non-guaranteed charges are changed, an insurer that issues a policy subject to this subchapter must offer to provide to the policy owner at least annually an in-force illustration. If the insurer has changed any non-guaranteed charges or the credited interest rate, the insurer must offer the illustration at no charge. Added by Acts 2019, 86th Leg., R.S., Ch. 1026 (H.B. 207), Sec. 1, eff. September 1, 2019.
Public record. Read the full, current section at the official source: tcss.legis.texas.gov
How it comes up on the exam
Practice questions written from this section — answers and explanations are in the drill.
- Under Texas law, an insurer issuing a life insurance policy subject to the illustration requirements must offer an in-force illustration to the policy owner at least how often?
drill Texas Statutes and Rules Pertinent to Life Insurance Only → - Under Tex. Ins. Code §1101.206, an insurer that has changed a non-guaranteed charge or the credited interest rate on an in-force policy must offer the annual illustration to the policy owner at what cost?
drill Texas Statutes and Rules Pertinent to Life Insurance Only →