Texas Administrative Code (Last Updated: March 27,2024) |
TITLE 28. INSURANCE |
PART 1. TEXAS DEPARTMENT OF INSURANCE |
CHAPTER 4. LIFE AND ANNUITY |
SUBCHAPTER F. INDIVIDUAL LIFE INSURANCE POLICY FORM CHECKLIST AND AFFIRMATIVE REQUIREMENTS |
SECTION 4.612. Payment of Claims
Latest version.
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The policy must provide that settlement will be made upon receipt of or not later than two months after due proof of death of the insured and the right of the claimant to the proceeds.
Source Note: The provisions of this §4.612 adopted to be effective January 1, 1976; transferred effective September 1, 2023, as published in the July 28, 2023, issue of the Texas Register, 48 TexReg 4127