Texas Insurance Code § 1253.056 Past Due Premium

Sec. 1253.056. 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 2003, 78th Leg., ch. 1274, Sec. 3, eff. April 1, 2005.

Section: Previous  1253.001  1253.051  1253.052  1253.053  1253.054  1253.055  1253.056  1253.057  1253.058  1253.059  Next

Last modified: September 28, 2016