Tex. Ins. Code § 1131.453

PAYMENT OF PREMIUMS

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff

The policyholder must pay the premium for the policy from:

(1) the creditor's funds;

(2) charges collected from the insured debtors; or

(3) both the creditor's funds and charges collected from the insured debtors.

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