Sec. 52.37. INSURANCE. The board may contract with any insurance company or companies licensed to do business in Texas for insurance on the life of any student borrower in an amount sufficient to retire the principal and interest owed under a loan made under the provisions of this chapter. The cost of the insurance shall be paid by the student borrower. No contract for insurance as provided for in this section may be approved except by the board during a regular meeting attended by a quorum of the total board membership.
Acts 1971, 62nd Leg., p. 3072, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.
Structure Texas Statutes
Subtitle A - Higher Education in General
Chapter 52 - Student Loan Program
Section 52.31. Participating Institutions
Section 52.32. Qualifications for Loans
Section 52.321. Standards Concerning Ability to Repay Certain Loans
Section 52.335. Required Loan Debt Disclosure
Section 52.34. Payments to Student
Section 52.36. Loan Interest and Fees
Section 52.38. Repayment of Loans
Section 52.41. Servicing of Certain Federally Insured Student Loans