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Tex. Fin. Code § 348.202

CREDIT LIFE AND CREDIT HEALTH AND ACCIDENT INSURANCE

Applied in 1 court decision — leading case Service Life & Casualty Insurance Co. v. Montemayor (2004)

Most recently applied in Service Life & Casualty Insurance Co. v. Montemayor (August 2004)

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff

(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.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.