28 Tex. Admin. Code § 4.1111
Unfair, Discriminatory or Deceptive Practices Prohibited
Effective Jun 23, 200833 TexReg 4884Source Note: The provisions of this §4.1111 adopted to be effective March 1, 1998, 23 TexReg 1585; transferred effective April 16, 1999, 24 TexReg 3092; amended to be effective June 23, 2008, 33 TexReg 4884; transferred effective September 1, 2023, as published in the July 28, 2023, issue of the Texas Register, 48 TexReg 4127.Texas Secretary of State
- (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.
Source Note:The provisions of this §4.1111 adopted to be effective March 1, 1998, 23 TexReg 1585; transferred effective April 16, 1999, 24 TexReg 3092; amended to be effective June 23, 2008, 33 TexReg 4884; transferred effective September 1, 2023, as published in the July 28, 2023, issue of the Texas Register, 48 TexReg 4127.