REQUIRED DEFINITIONS: SPECIFIED DISEASE POLICY
Applied in 1 court decision — leading case Audry Hunter v. Transamerica Life Insurance Co (2012)
Most recently applied in Audry Hunter v. Transamerica Life Insurance Co (November 2012)
Added by Acts 2005, 79th Leg., Ch. 974 (H.B. 1775), Sec. 1, eff
An individual or group specified disease insurance policy that uses the term "actual charge" or "actual fee" must define the terms as follows:
"Actual charge" or "actual fee" means the amount actually paid by or on behalf of the insured and accepted by a provider for services provided.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.