Texas Finance Code

§ 348.210 — DELIVERY OF INSURANCE DOCUMENT TO BUYER

FI § 348.210Title 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

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A holder who purchases dual interest insurance on the motor vehicle shall within a reasonable time after execution of the retail installment contract send or cause to be sent to the retail buyer a policy or certificate of insurance written by an insurance company authorized to do business in this state 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.