Exams / Texas Life Insurance License / Tex. Ins. Code §1151.101
Tex. Ins. Code §1151.101 — 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. 1151.101. AUTHORIZED PROVISIONS. In addition to the provisions required by Subchapter B and Section 1151.152, an industrial life insurance policy may: (1) exclude liability or promise a benefit that is less than the full amount payable as a death benefit if the insured: (A) dies by the insured's own hand, regardless of whether the insured is sane or insane; or (B) dies as a result of engaging in a stated hazardous occupation; (2) promise a benefit that is less than the full amount payable if the insured dies as a result of an aviation activity under a condition specified in the policy approved by the department as provided by Chapter 1701; (3) limit the maximum amount payable on the death of a child younger than 15 years of age; and (4) include any other provision not otherwise prohibited by this chapter. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003. Amended by: Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 2F.008, eff. April 1, 2009.
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 Tex. Ins. Code §1151.101, an industrial life insurance policy may exclude liability or promise a reduced death benefit if the insured dies by which of the following means?
drill Texas Statutes and Rules Pertinent to Life Insurance Only → - Under Tex. Ins. Code §1151.101, an industrial life insurance policy may exclude liability or promise a reduced death benefit if the insured dies by the insured's own hand. Which condition regarding the insured's mental state applies to this exclusion?
drill Texas Statutes and Rules Pertinent to Life Insurance Only →