A license holder may not take a premium finance agreement that has not been fully completed and executed at the time the agreement is executed.
Tex. Ins. Code § 651.156
TAKING OF INCOMPLETE PREMIUM FINANCE AGREEMENT PROHIBITED
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.