Texas Insurance Code 884.408 – Implementation of Subchapter
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Terms Used In Texas Insurance Code 884.408
- 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
The commissioner shall adopt reasonable rules to implement this subchapter, including:
(1) rules adopting mortality and reserving tables required by Sections 884.403(b)(1) and (3); and
(2) reasonable and necessary rules for the content, form, and style of the notice and terms of the grace period required under § 884.403(b)(2).