Tex. Fin. Code § 348.206 · Subchapter C. INSURANCE
INSURANCE MAY BE FURNISHED BY BUYER.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) If insurance is requested or required in connection with a retail installment contract and the retail installment contract includes a premium or rate of charge that is not fixed or approved by the commissioner of insurance, the retail buyer is entitled to furnish the insurance coverage not later than the 10th day after the date of the contract or the delivery or mailing of the written statement required under Section 348.204, as appropriate, through:
(1) an existing insurance policy owned or controlled by the buyer; or
(2) an insurance policy obtained from an insurance company authorized to do business in this state.
(b) When a retail installment contract is executed, the retail buyer is entitled to purchase the insurance described by Section 348.210 and select:
(1) the agent or broker; and
(2) an insurance company acceptable to the holder.
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.348.htm
- Text hash
- sha256 c62700c5cadcbf39fe4e9236ce9dcb60ff878e88eb9010932de49ca55e7c5e7d
- 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
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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.