Sec. 345.214. ADDING TO RETAIL INSTALLMENT CONTRACT PREMIUMS FOR INSURANCE ACQUIRED AFTER TRANSACTION. (a) A retail buyer and holder may agree to add to the unpaid balance of a retail installment contract premiums for insurance policies covering goods or services sold in a prior retail installment transaction under the contract or goods or services related to those goods or services, including premiums for the renewal of a policy included in the contract.
(b) A policy of insurance described by Subsection (a) must comply with the applicable requirements of Sections 345.201, 345.203, 345.207, and 345.208.
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