This law mandates that individual accident and health insurance policies include a reinstatement provision. It ensures that if a premium is not paid on time, the insurer can still accept payment later without requiring a new application for reinstatement.
Requires reinstatement provision in individual health insurance policies.
Allows late premium payments without new application for reinstatement.
Protects policyholders from losing coverage due to late payments.
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In simple terms: Learn about Texas's POLICY PROVISION: REINSTATEMENT. (a) Except law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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