Sec. 348.202. CREDIT LIFE AND CREDIT HEALTH AND ACCIDENT INSURANCE. (a) As additional protection for the contract, a holder may request or require a retail buyer to provide credit life insurance and credit health and accident insurance.
(b) As additional protection for the contract, a seller may offer involuntary unemployment insurance to the buyer at the time the contract is executed.
(c) A holder may include the cost of insurance provided under Subsection (a) or (b), and a policy or agent fee charged in connection with insurance provided under Subsection (a) or (b), as a separate charge in the contract.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 1999, 76th Leg., ch. 1107, Sec. 1, eff. June 18, 1999; Acts 2001, 77th Leg., ch. 409, Sec. 1, eff. Sept. 1, 2001.
Structure Texas Statutes
Title 4 - Regulation of Interest, Loans, and Financed Transactions
Subtitle B - Loans and Financed Transactions
Chapter 348 - Motor Vehicle Installment Sales
Section 348.201. Property Insurance
Section 348.202. Credit Life and Credit Health and Accident Insurance
Section 348.203. Maximum Amount of Credit Life and Credit Health and Accident Coverage
Section 348.204. Insurance Statement
Section 348.205. Statement if Liability Insurance Not Included in Contract
Section 348.206. Insurance May Be Furnished by Buyer
Section 348.207. Buyer's Failure to Provide Evidence of Insurance
Section 348.209. Requirements for Including Insurance Cost in Contract
Section 348.210. Delivery of Insurance Document to Buyer
Section 348.211. Holder's Duty if Insurance Is Adjusted or Terminated
Section 348.212. Gain or Advantage From Insurance Not Additional Charge
Section 348.214. Effect of Adding Premium to Contract
Section 348.215. Financing Entity May Not Require Insurance From Particular Source