Texas Insurance Code
§ 1106.006 — REINSTATEMENT
IN § 1106.006Title 7. LIFE INSURANCE AND ANNUITIES · Part A. LIFE INSURANCE IN GENERAL · Ch. 1106. REINSTATEMENT OF CERTAIN LIFE INSURANCE POLICIES
Statute text
View on source(a)After the requirements of Section 1106.005 have been satisfied, the insurer shall reinstate the policy.
(b)The policy must be reinstated within one year from the date of lapse on payment of:
(1)the premiums owed from the date of initial lapse to the date of reinstatement; and
(2)interest on the premiums at a rate not to exceed six percent a year for the period.
(c)The insurer may not require evidence of insurability as a condition of reinstatement.
Legislative history
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.