Texas Insurance Code 1106.006 – Reinstatement
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(a) After the requirements of Section 1106.005 have been satisfied, the insurer shall reinstate the policy.
(b) The policy must be reinstated within one year from the date of lapse on payment of:
(1) the premiums owed from the date of initial lapse to the date of reinstatement; and
(2) interest on the premiums at a rate not to exceed six percent a year for the period.
Terms Used In Texas Insurance Code 1106.006
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Year: means 12 consecutive months. See Texas Government Code 311.005
(c) The insurer may not require evidence of insurability as a condition of reinstatement.