Tex. Fin. Code § 345.208 · Subchapter E. INSURANCE
REQUIREMENTS FOR INCLUDING INSURANCE CHARGE IN CONTRACT OR AGREEMENT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) For insurance to be included as an itemized charge in a retail installment contract or a retail charge agreement:
(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.
(b) If the insurance is described by Section 345.201, 345.202, or 345.207, the retail installment contract or retail charge agreement, or a separate written statement or specimen copy of a certificate or policy of insurance that is given to the retail buyer, must identify the:
(1) type of the coverage;
(2) term of the coverage; and
(3) amount of the premium for the coverage.
(c) If the insurance is described by Section 345.207, the retail installment contract must also clearly indicate that the coverage is optional.
Notes and commentary — not statutory text
History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.345.htm
- Text hash
- sha256 1c54a5505ea4d71c3f370016ff8b988c35b2f4de1e7c9c63003146a9ff903def
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Finance Code
- Tex. Fin. Code § 345.201PROPERTY INSURANCE.Printed as Section 345.201, 345.202, or 345.207
- Tex. Fin. Code § 345.202CREDIT LIFE, CREDIT HEALTH AND ACCIDENT, AND CREDIT INVOLUNTARY UNEMPLOYMENT INSURANCE.Printed as Section 345.201, 345.202, or 345.207
- Tex. Fin. Code § 345.207CHARGES FOR OTHER INSURANCE INCLUDED IN RETAIL INSTALLMENT CONTRACT.Printed as Section 345.201, 345.202, or 345.207 | Section 345.207
Cited by 1 provision
Provisions in this library whose text cites Tex. Fin. Code § 345.208. Each shows the citation as that text prints it.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.