Sec. 1131.856. PAST DUE PREMIUM. (a) A policy may provide that the continuation of coverage is contingent on payment of any premium that:
(1) is unpaid on the date the work stoppage begins; and
(2) became due before the date the work stoppage begins.
(b) A premium described by Subsection (a) must be paid before the date the next premium becomes due under the policy.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.
Structure Texas Statutes
Title 7 - Life Insurance and Annuities
Subtitle B - Group Life Insurance
Chapter 1131 - Group Life Insurance and Wholesale, Franchise, or Employee Life Insurance
Subchapter R. Continuation of Certain Group Life Insurance During Labor Dispute
Section 1131.851. Applicability of Subchapter
Section 1131.853. Contributions if Policyholder Is Trustee
Section 1131.854. Contributions if Policyholder Is Not Trustee
Section 1131.855. Payment of Contribution and Premium
Section 1131.856. Past Due Premium
Section 1131.857. Individual Premium Rate Increase
Section 1131.858. Premium Rate Change Not Limited
Section 1131.859. Limitations on Continuation of Coverage
Section 1131.860. Other Provisions; Commissioner Approval Required