Sec. 1106.006. REINSTATEMENT. (a) After the requirements of Section 1106.005 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.
Structure Texas Statutes
Title 7 - Life Insurance and Annuities
Subtitle A - Life Insurance in General
Chapter 1106 - Reinstatement of Certain Life Insurance Policies
Section 1106.001. Applicability of Chapter
Section 1106.002. Reinstatement Required; Exception
Section 1106.003. Mental Incapacity Defined
Section 1106.004. Diagnosis of Mental Incapacity Required
Section 1106.005. Request for Reinstatement; Limitation
Section 1106.006. Reinstatement
Section 1106.007. Effect of Reinstatement