Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
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 |
Sec. 1131.856. PAST DUE PREMIUM
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(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.