Texas Insurance Code - INS § 1151.061. Reinstatement of Policy

(a) An industrial life insurance policy must provide that unless the cash surrender value has been paid or the term of extended insurance has expired, the policy may be reinstated not later than the first anniversary of or, at the option of the insurer, not later than the 52nd week after the date of default in payment of premiums if the insured:

(b) The insurer may impose on the overdue premiums interest at an annual rate specified in the policy, not to exceed six percent.