Texas Insurance Code § 1151.060 Claim Based On Death Of Insured

Sec. 1151.060. CLAIM BASED ON DEATH OF INSURED. An industrial life insurance policy must provide that if a claim arises as the result of the death of the insured, the insurer shall settle the claim not later than two months after the date the insurer receives at the insurer's home office:

(1) proof of death satisfactory to the insurer; and

(2) proof of the right of the claimant to the insurance proceeds.

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.

Section: Previous  1151.053  1151.054  1151.055  1151.056  1151.057  1151.058  1151.059  1151.060  1151.061  1151.062  1151.101  1151.102  1151.151  1151.152  1151.153  Next

Last modified: September 28, 2016