Texas Insurance Code 885.307 – Grace Period
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Terms Used In Texas Insurance Code 885.307
- 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
- Month: means a calendar month. See Texas Government Code 312.011
A fraternal benefit society shall include in the terms of a benefit certificate a grace period of at least one month for payment of premiums.