Section 3.111 - Reinstatement(a) All policies which have nonforfeiture benefits must provide that if, in the event of default in premium payments, the value of the policy shall be applied for the purchase of other insurance, and if such insurance shall be in force and the original policy shall not have been surrendered to the company and cancelled, the policy may be reinstated within three years, or longer at the option of the company, from such default upon evidence of insurability satisfactory to the company and payment of arrears of premiums with interest. Evidence of insurability need not be restricted to evidence of good health only.(b) If more than one life is insured, evidence of insurability may be required on each individual as a condition precedent to reinstatement of the policy, but the policy may provide for reinstatement of only those lives which are insurable.(c) This section is not applicable to single premium policies.28 Tex. Admin. Code § 3.111
The provisions of this §3.111 adopted to be effective January 1, 1976; amended to be effective September 20, 1982, 7 TexReg 3244.