{"data":{"id":"us-tx/tex.-insurance-code-1101.005","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 1101.005","heading":"GRACE PERIOD.","body":"(a) Except as provided by Subsection (b), a life insurance policy:\n(1) must contain a provision for a grace period of at least one month for the payment of each premium after the first payment during which the policy remains in force; and\n(2) may:\n(A) provide for an interest charge on a premium paid during a grace period; or\n(B) provide that if an insured dies during a grace period the overdue premium will be deducted from any settlement made under the policy.\n(b) The commissioner by rule may require a life insurance policy issued under Section 884.402(3) to contain a grace period that is longer than the grace period required by this section.\nAdded by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.","path":["INSURANCE CODE","TITLE 7. LIFE INSURANCE AND ANNUITIES","SUBTITLE A. LIFE INSURANCE IN GENERAL","CHAPTER 1101. LIFE INSURANCE","SUBCHAPTER A. REQUIRED POLICY PROVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.1101.htm#1101.005","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"4889d33b62f902bc03c9af0dcebb96055767b9612a795d6ab71cfdd9760701be","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-1101.004","next":"us-tx/tex.-insurance-code-1101.006"},"notice":"GroundRules: Original legal text. Not legal advice."}