Texas Insurance Code

§ 651.153 — FORM OF DISCLOSURES

IN § 651.153Title 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)The disclosures required by Sections 651.151 and 651.152 must be made clearly, conspicuously, and in meaningful sequence.

(b)If the term "finance charge" or "annual percentage rate" is required to be used, the term must be printed more conspicuously than other required terminology.

(c)Each numerical amount or percentage must be expressed as a figure and:

(1)legibly handwritten; or

(2)printed in not less than the equivalent of 10-point type, 75/1,000-inch computer type, or elite-size typewritten numerals.

Legislative history

Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.