Sec. 345.202. CREDIT LIFE, CREDIT HEALTH AND ACCIDENT, AND CREDIT INVOLUNTARY UNEMPLOYMENT INSURANCE. (a) As additional protection for the contract or agreement, a holder may:
(1) request or require a retail buyer to provide credit life insurance and credit health and accident insurance; and
(2) request or allow a retail buyer to provide credit involuntary unemployment insurance.
(b) A holder may include the cost of insurance provided under Subsection (a) as a separate charge in the contract or agreement.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Structure Texas Statutes
Title 4 - Regulation of Interest, Loans, and Financed Transactions
Subtitle B - Loans and Financed Transactions
Chapter 345 - Retail Installment Sales
Section 345.201. Property Insurance
Section 345.203. Maximum Amount of Insurance Coverage
Section 345.204. Insurance Statement
Section 345.205. Insurance May Be Furnished by Buyer
Section 345.206. Buyer's Failure to Provide Evidence of Insurance
Section 345.207. Charges for Other Insurance Included in Retail Installment Contract
Section 345.208. Requirements for Including Insurance Charge in Contract or Agreement
Section 345.209. Delivery of Insurance Document to Buyer
Section 345.210. Holder's Duty if Insurance Is Adjusted or Terminated
Section 345.211. Gain or Advantage From Insurance Not Additional Charge
Section 345.212. Nonfiling Insurance
Section 345.213. Inclusion of Insurance Premiums
Section 345.215. Effect of Adding Premium to Contract or Agreement