Sec. 348.213. 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 obtained after the date of the retail installment transaction covering the motor vehicle, the use of the motor vehicle, or goods or services related to the motor vehicle, 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 348.201, 348.203, 348.208, and 348.209.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Amended by:
Acts 2009, 81st Leg., R.S., Ch. 238 (S.B. 1965), Sec. 11, eff. September 1, 2009.
Acts 2011, 82nd Leg., R.S., Ch. 117 (H.B. 2559), Sec. 15, eff. September 1, 2011.
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