Texas Finance Code

§ 345.209 — DELIVERY OF INSURANCE DOCUMENT TO BUYER

FI § 345.209Title 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS · Part B. LOANS AND FINANCED TRANSACTIONS · Ch. 345. RETAIL INSTALLMENT SALES · Art. E. INSURANCE

Statute text

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A holder who obtains insurance shall, not later than the 45th day after the date of the delivery of goods or the furnishing of services under a retail installment contract or retail charge agreement, deliver, mail, or cause to be mailed to the retail buyer at the buyer's address specified in the contract or agreement a policy or certificate of insurance that clearly sets forth:

(1)the amount of the premium;

(2)the kind of insurance provided;

(3)the coverage of the insurance; and

(4)all terms, including options, limitations, restrictions, and conditions, of the policy.

Legislative history

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