This law mandates that individual accident and health insurance policies include a grace period for premium payments. It specifies minimum grace periods based on the frequency of premium payments, ensuring coverage remains in effect during this time.
Requires grace periods for premium payments in health insurance policies.
Minimum grace periods: 7 days for weekly, 10 for monthly, 31 for annual.
Policies remain active during the grace period despite unpaid premiums.
Frequently Asked Questions
Why Attorneys Choose FlawFinder
Side-by-side with Westlaw and LexisNexis
Feature
FlawFinder
Westlaw
LexisNexis
Monthly price
$19 - $99
$133 - $646
$153 - $399
Contract
None
1-3 year min
1-6 year min
Hidden fees
$0, always
Up to $469/search
$25/mo + per-doc
Police SOPs
✓ 310+ departments
✗
✗
Zero-hallucination AI
✓ CitationGuard
✗
✗
Cancel
One click
Termination fees
No option to cancel
Explain Like I'm 5
In simple terms: Learn about Texas's POLICY PROVISION: GRACE PERIOD. (a) An law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
FlawFinder provides legal information, not legal advice. Consult a licensed attorney for specific legal guidance.