Texas § IN.1131.103 - GRACE PERIOD
Full text of Texas The Texas Constitution § IN.1131.103 — GRACE PERIOD, with citation guidance and answers to common questions.
§ IN.1131.103. GRACE PERIOD
GRACE PERIOD. (a) A group life insurance policy must provide that the policyholder or premium payor is entitled to a grace period of 31 days for the payment of any premium, other than the first, due under the policy. During the grace period, the death benefit coverage continues in force unless the policyholder or premium payor gives the insurer written notice of discontinuance before the date of discontinuance and in accordance with the policy. (b) The policy may provide that the policyholder or premium payor is liable to the insurer for payment of a pro rata premium for the time the policy was in force during a grace period. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.
Frequently Asked Questions About Texas § IN.1131.103
What does The Texas Constitution § IN.1131.103 cover?
Section IN.1131.103 ("GRACE PERIOD") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § IN.1131.103?
A common citation format is "The Texas Constitution § IN.1131.103" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § IN.1131.103 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.