Texas Insurance Code
§ 651.166 — TAKING, RECEIVING, OR CHARGING UNAUTHORIZED AMOUNT
IN § 651.166Title 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)Taking or receiving from an insured or the charging of an insured by an insurance premium finance company of a charge greater than authorized by this chapter does not invalidate:
(1)the premium finance agreement; or
(2)the principal balance payable under the agreement.
(b)An action described by Subsection (a) may be adjudged a forfeiture of all charges that:
(1)are authorized under the premium finance agreement; or
(2)the insured has agreed to pay.
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Legislative history
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.