Sec. 353.210. 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 for coverages of the types allowed under Sections 353.201, 353.202, and 353.207, 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 requirements of Sections 353.201, 353.202, 353.203, and 353.207, as applicable.
Added by Acts 2011, 82nd Leg., R.S., Ch. 117 (H.B. 2559), Sec. 17, eff. September 1, 2011.
Structure Texas Statutes
Title 4 - Regulation of Interest, Loans, and Financed Transactions
Subtitle B - Loans and Financed Transactions
Chapter 353 - Commercial Motor Vehicle Installment Sales
Section 353.201. Property Insurance
Section 353.202. Credit Life and Credit Health and Accident Insurance
Section 353.203. Maximum Amount of Credit Life and Credit Health and Accident Coverage
Section 353.204. Insurance Statement
Section 353.205. Statement if Liability Insurance Not Included in Contract
Section 353.206. Buyer's Failure to Provide Evidence of Insurance
Section 353.208. Holder's Duty if Insurance Is Adjusted or Terminated
Section 353.209. Gain or Advantage From Insurance Not Additional Charge
Section 353.211. Effect of Adding Premium to Contract
Section 353.212. Financing Entity May Not Require Insurance From Particular Source