Can a policyholder reject Loss of Income and Rehabilitation coverage in writing?

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Prepare for the Texas Statutes and Rules Pertinent to Property and Casualty Insurance Test. Utilize flashcards and multiple choices with hints and full explanations to master the content. Ace your exam with confidence!

Multiple Choice

Can a policyholder reject Loss of Income and Rehabilitation coverage in writing?

Explanation:
Loss of Income and Rehabilitation coverage are optional parts of an auto policy. Regulations require the insurer to offer these options to the policyholder and to allow a written rejection. If the policyholder signs a written rejection, the coverage isn’t included. This right to decline is universal, not limited to certain drivers, and it’s not something the insurer can force.

Loss of Income and Rehabilitation coverage are optional parts of an auto policy. Regulations require the insurer to offer these options to the policyholder and to allow a written rejection. If the policyholder signs a written rejection, the coverage isn’t included. This right to decline is universal, not limited to certain drivers, and it’s not something the insurer can force.

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