Tex. Ins. Code Section 1106.006
Reinstatement

(a)

After the requirements of Section 1106.005 (Request for Reinstatement; Limitation) 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.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.

Source: Section 1106.006 — Reinstatement, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­1106.­htm#1106.­006 (accessed May 11, 2024).

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Accessed:
May 11, 2024

§ 1106.006’s source at texas​.gov