{"data":{"id":"us-tx/tex.-insurance-code-1151.057","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 1151.057","heading":"GRACE PERIOD.","body":"(a) An industrial life insurance policy must provide that the insured is entitled to a grace period stated in the policy within which any premium after the first premium may be paid. The grace period must be at least a four-week period.\n(b) During the grace period the policy continues in effect, but if an event under which the insurer may be liable under the policy occurs during the grace period and before the overdue premiums are paid, the amount of the overdue premiums may be deducted in a settlement made under the policy.\nAdded by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.","path":["INSURANCE CODE","TITLE 7. LIFE INSURANCE AND ANNUITIES","SUBTITLE C. SPECIALIZED COVERAGES","CHAPTER 1151. INDUSTRIAL LIFE INSURANCE","SUBCHAPTER B. REQUIRED POLICY PROVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.1151.htm#1151.057","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"eca16a19e20ee81ad28d4c5a4b33e8fa374975e05db896a92e66439e9f6c7de0","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-1151.056","next":"us-tx/tex.-insurance-code-1151.058"},"notice":"GroundRules: Original legal text. Not legal advice."}