Get Paid-up Additions Rider Checklist - Texas Department Of Insurance ...

The Paid-Up Additions Rider Checklist is a crucial document for ensuring proper compliance with Texas insurance regulations. This guide will provide clear, step-by-step instructions on how to effectively complete this checklist online.

Follow the steps to complete the checklist accurately.

1. Click the ‘Get Form’ button to access the checklist and open it for editing.
2. Review the policy schedule to ensure all material pertinent to the rider is included. Include separate statements for any rider premiums.
3. Incorporate any designated pages outlined in the rider for comprehensive review.
4. List all policy form numbers and approval dates with which the rider is associated. Include a commitment letter stating the rider's applicability to new issues.
5. If the rider is offered for in-force business, include a certification letter affirming its availability and submission of necessary documentation.
6. Provide a brief description of the rider, highlighting the type of insurance and its effects on the policy.
7. Determine and document the effective date of the rider accordingly.
8. Clearly define any rider premiums in the text, noting any instances where they may be waived.
9. If applicable, state cash surrender values within the rider and provide necessary computation information.
10. Define the benefits provided under the rider and refer to benefit specifics as listed in the main policy.
11. Ensure the rider includes its own Incontestability provision as mandated.
12. Incorporate the suicide provision clearly explaining its implications for the rider.
13. If a conversion provision exists, ensure to define coverage details including face amount, available plans, and applicable premium rates.
14. Clearly establish the conditions for termination and define any expiry dates for the rider.
15. Once all information is accurately filled in, save changes, download, print, or share the completed checklist as needed.

Begin completing your Paid-Up Additions Rider Checklist online today for efficient submission.