Section 4.1113 - Notice and Disclosure Requirements for Marketing Materials(a) Any "invitation to contract," as defined in § 21.102 of this title (relating to Scope), used in the marketing, solicitation, or sale of a life insurance contract containing an acceleration-of-life-insurance provision must clearly and concisely disclose the following:(1) the illness, condition, care, or confinement necessary to trigger eligibility for any acceleration-of-life-insurance benefit;(2) the effect that an acceleration-of-life-insurance benefit provision will have on the death benefit and other values available under the life insurance contract; and(3) the tax-related disclosures contained in either subsection (a) or (b) of § 4.1116 of this title (relating to Disclosures Related to Tax Qualification of Benefits and Benefits' Effect on Public Assistance), as appropriate, and the disclosure contained in subsection (c) of §4.1116, or disclosures substantially similar to these disclosures.(b) No insurer or agent, in marketing a life insurance contract that provides acceleration-of-life-insurance benefits, may mention, illustrate, or refer to the contract as an alternative or substitute for catastrophic major medical health insurance.28 Tex. Admin. Code § 4.1113
Adopted by Texas Register, Volume 49, Number 03, January 19, 2024, TexReg 0258, eff. 1/24/2024