Texas Clause Addressing Compliance with Legal Requirements and Insurance Recommendations

State:
Multi-State
Control #:
US-OL13064
Format:
Word; 
PDF
Instant download

Description

This office clause is a form dealing with compliance with legal requirements and insurance recommendations covering most all of the issues covered.

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FAQ

INSURANCE CODE CHAPTER 1201. ACCIDENT AND HEALTH INSURANCE. (C) sickness. (2) "Policy" means the entire contract between an insurer and an insured and includes riders, endorsements, and the application, if attached.

Final answer: Generally, insurance agents bear the liability in cases where a policy is sold from an unauthorized insurer and the insured suffers a loss. However, specific legal circumstances can influence this.

After a filing has been given public notice, the Rate Regulation Division has 60 days to review the filing and approve the filing or issue a notice of hearing.

No person shall engage in this state in any trade practice which is defined in this Act as, or determined pursuant to this Act to be, an unfair method of competition or an unfair or deceptive act or practice in the business of insurance. Sec.

The Texas Insurance Code is the part of Texas state law that governs the way that insurance companies can operate in the state.

The Texas Department of Insurance is the official state agency charged with regulating the insurance industry in Texas.

A type of injury that would NOT be covered under a health insurance policy is generally a work-related injury. Work-related injuries are typically covered by workers' compensation insurance, which is a separate policy provided by employers.

Texas law requires you to have at least $30,000 of coverage for injuries per person, up to a total of $60,000 per accident, and $25,000 of coverage for property damage. This is called 30/60/25 coverage. Think about buying more liability coverage.

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Texas Clause Addressing Compliance with Legal Requirements and Insurance Recommendations