Texas Insurance Code 1251.102 – Payment of Premiums
Current as of: 2024 | Check for updates
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Terms Used In Texas Insurance Code 1251.102
- Grace period: The number of days you'll have to pay your bill for purchases in full without triggering a finance charge. Source: Federal Reserve
A group accident and health insurance policy must provide that premiums due under the policy must be remitted by the premium payor as designated in the policy:
(1) on or before the due date; or
(2) within any grace period specified in the policy.