A premium finance agreement may provide for the payment of a default charge by the insured as provided by Section 342.203, Finance Code, this code, or a rule adopted under those statutes.
Tex. Ins. Code § 651.159
DEFAULT CHARGE
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.