Texas Finance Code

§ 307.056 — CHOICE OF CARRIER

FI § 307.056Title 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS · Part A. INTEREST · Ch. 307. COLLATERAL PROTECTION INSURANCE · Art. B. REQUIREMENTS FOR COLLATERAL PROTECTION INSURANCE

Statute text

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Collateral protection insurance may be placed with an insurer that is authorized to write insurance in this state or an eligible surplus lines insurer selected by the creditor. The insurance shall be evidenced by an individual policy or a certificate of insurance.

Legislative history

Added by Acts 2001, 77th Leg., ch. 726, Sec. 1, eff. Sept. 1, 2001.