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Current as of January 01, 2024 | Updated by FindLaw Staff
(a) Regardless of a provision in an individual accident and health insurance policy that specifies a date, by age limitation or otherwise, after which coverage under the policy is not effective, coverage continues in force, subject to any right of cancellation, until the end of the period for which the insurer accepts a premium if:
(1) the insurer accepts the premium after the specified date; or
(2) the specified date falls before the end of the period for which the insurer accepts the premium.
(b) Notwithstanding Subsection (a), if the age of the insured is misstated and, because of the insured's correct age, coverage of the insured would not have become effective or would have terminated before the insurer's acceptance of a premium, the liability of the insurer is limited to the refund, on request, of the premiums paid for the period not covered by the policy.
Cite this article: FindLaw.com - Texas Insurance Code - INS § 1201.011. Coverage for Premium Period with Limitations by Age or Date; Misstatement of Age of Insured - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-1201-011/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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