Sec. 307.056. CHOICE OF CARRIER. Collateral protection insurance may be placed with an insurer that is authorized to write insurance in this state or an eligible surplus lines insurer selected by the creditor. The insurance shall be evidenced by an individual policy or a certificate of insurance.
Added by Acts 2001, 77th Leg., ch. 726, Sec. 1, eff. Sept. 1, 2001.
Structure Texas Statutes
Title 4 - Regulation of Interest, Loans, and Financed Transactions
Chapter 307 - Collateral Protection Insurance
Subchapter B. Requirements for Collateral Protection Insurance
Section 307.051. Collateral Protection Insurance
Section 307.052. Creditor Duties
Section 307.053. Amortization of Debt
Section 307.054. Cancellation of Collateral Protection Insurance
Section 307.055. Refund of Unearned Premiums
Section 307.056. Choice of Carrier