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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) An individual accident and health insurance policy must state each exception to or reduction of indemnity for the policy.
(b) Except as provided by Subchapter E, 1 each exception to or reduction of indemnity for the policy must be printed, at the insurer's option:
(1) with the benefit provision to which the exception or reduction applies; or
(2) under an appropriate caption such as:
(A) “Exceptions”; or
(B) “Exceptions and Reductions.”
(c) Notwithstanding Subsection (b), if an exception or reduction specifically applies only to a particular benefit of an individual accident and health insurance policy, the statement of the exception or reduction must be included with the benefit provision to which the exception or reduction applies.
Cite this article: FindLaw.com - Texas Insurance Code - INS § 1201.055. Exceptions and Reductions of Indemnity - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-1201-055/
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 before relying on it for your legal needs.
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