Texas Insurance Code
§ 651.151 — REQUIRED FORM AND CONTENTS OF PREMIUM FINANCE AGREEMENT
IN § 651.151Title 5. PROTECTION OF CONSUMER INTERESTS · Part E. PREMIUM FINANCING · Ch. 651. FINANCING OF INSURANCE PREMIUMS · Art. D. PREMIUM FINANCE AGREEMENTS
Statute text
View on source(a)A premium finance agreement must be in writing on a form approved by the commissioner.
(b)A premium finance agreement must be dated and signed by the insured. An agreement may be signed on behalf of the insured by the insured's agent if:
(1)the agreement contains policies for other than personal, family, or household purposes; and
(2)the premiums for the policies exceed $1,000.
(c)A premium finance agreement must contain:
(1)the name and business address of the insurance agent or broker negotiating the related insurance contract;
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Legislative history
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.