Texas Insurance Code, Chapters 541, 1101, 1103, 1131 and part of 1251 (first half)

What this document is

Texas Insurance Code, Chapters 541, 1101, 1103, 1131 and part of 1251 (first half) is a state statute published by Texas Legislative Council, statutes.capitol.texas.gov (retrieved via an Internet Archive snapshot of the official site). It is one of the Texas documents that insurance license exam questions are written from, including texas life & health, texas property & casualty practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

• Tex. Ins. Code § 541.110(a), (b) (Administrative Penalty: Violation of Cease and Desist Order)

  “(a) A person who violates a cease and desist order issued under Section 541.108 is subject to an administrative penalty under Chapter 84 . (b) In determining whether a person has violated a cease and desist order, the department shall consider the maintenance of procedures reasonably adapted to...”

• Tex. Ins. Code § 1103.054 (Designation of Beneficiary or Owner in Policy Application)

  “An individual of legal age may: (1) apply for a policy insuring the individual's life; and (2) designate in writing in the application for the policy any individual, partnership, association, corporation, or other legal entity as: (A) a beneficiary of the policy; (B) an absolute or partial owner of...”

• Tex. Ins. Code § 541.103 (Hearing: Opportunity to Show Cause)

  “Sec. 541.103. HEARING. A person against whom charges are made under Section 541.102 is entitled at the hearing on the charges to have an opportunity to be heard and show cause why the department should not issue an order requiring the person to cease and desist from the unfair method of competition...”

• Tex. Ins. Code § 1131.108 (Insurance Certificate)

  “By agreement between the insurer and the policyholder, the certificate of insurance may be delivered electronically.”

• Tex. Ins. Code § 541.001 (Purpose)

  “The purpose of this chapter is to regulate trade practices in the business of insurance by: (1) defining or providing for the determination of trade practices in this state that are unfair methods of competition or unfair or deceptive acts or practices; and (2) prohibiting those trade practices.”

• Tex. Ins. Code § 1131.110 (Right to Individual Policy on Termination of Employment or Membership)

  “(b) An individual must apply for an individual policy and pay the first premium to the insurer not later than the 31st day after the date the individual's employment or membership terminates. (c) An individual policy under this section must be issued without evidence of insurability. (d) The...”

• Tex. Ins. Code § 1131.110(c) (Right to Individual Policy on Termination of Employment or Membership)

  “(c) An individual policy under this section must be issued without evidence of insurability.”

• Tex. Ins. Code § 1131.112(a) (Payment of Benefits on Death of Insured Before Individual Policy Becomes Effective)

  “A group life insurance policy must provide that if an individual insured under the group policy dies during the period within which the individual would have been entitled to have an individual policy issued as provided by Section 1131.110 or 1131.111 and before such an individual policy takes...”

• Tex. Ins. Code § 541.053 (Defamation of Insurer)

  “It is an unfair method of competition or an unfair or deceptive act or practice in the business of insurance to directly or indirectly make, publish, disseminate, or circulate or to aid, abet, or encourage the making, publication, dissemination, or circulation of a statement that: (1) is false,...”

• Tex. Ins. Code § 1101.003 (Entire Contract)

  “Sec. 1101.003. ENTIRE CONTRACT. A life insurance policy must provide that the policy or the policy and the application for the policy constitute the entire contract between the parties.”

• Tex. Ins. Code § 541.052 (False Information and Advertising)

  “Sec. 541.052. FALSE INFORMATION AND ADVERTISING. (a) It is an unfair method of competition or an unfair or deceptive act or practice in the business of insurance to make, publish, disseminate, circulate, or place before the public or directly or indirectly cause to be made, published, disseminated,...”

• Tex. Ins. Code § 541.055 (False Financial Statement)

  “It is an unfair method of competition or an unfair or deceptive act or practice in the business of insurance to, with intent to deceive: (1) file with a supervisory or other public official a false statement of financial condition of an insurer; or (2) make, publish, disseminate, circulate, deliver...”

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More Texas sources

• Texas Government Code ch. 2001 -- Administrative Procedure Act, complete (Secs. 2001.001-2001.903)State statute
• Texas Government Code Chapter 2253, Public Work Performance and Payment Bonds, complete: Subchapters A-D, Secs. 2253.001-2253.079State statute
• Tex. Ins. Code ch. 541: Unfair methods of competition and unfair or deceptive acts or practicesState statute
• Tex. Ins. Code ch. 1101: Life insurance required and prohibited policy provisionsState statute
• Tex. Ins. Code ch. 4001: Agent licensing in generalState statute
• Tex. Ins. Code ch. 4005: Conduct, disciplinary actions, and sanctionsState statute
• Tex. Ins. Code ch. 1201: Accident and health insurance policy provisionsState statute
• Texas Insurance Code Chapter 151, Consolidated Insurance Programs, complete: Subchapters A-D, Secs. 151.001-151.151State statute