Texas Finance Code
§ 348.209 — REQUIREMENTS FOR INCLUDING INSURANCE COST IN CONTRACT
FI § 348.209Title 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS · Part B. LOANS AND FINANCED TRANSACTIONS · Ch. 348. MOTOR VEHICLE INSTALLMENT SALES · Art. C. INSURANCE
Statute text
View on source(a)If insurance is included as an itemized charge in a retail installment contract:
(1)the insurance must be written:
(A)at lawful rates;
(B)in accordance with the Insurance Code; and
(C)by a company authorized to do business in this state; and
(2)the disclosure requirements of this section must be satisfied.
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Legislative history
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.