Tex. Ins. Code § 1131.453 · Subchapter J. GROUP LIFE INSURANCE POLICIES ISSUED TO CREDITORS: ADDITIONAL REQUIREMENTS
PAYMENT OF PREMIUMS.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
The policyholder must pay the premium for the policy from:
(1) the creditor's funds;
(2) charges collected from the insured debtors; or
(3) both the creditor's funds and charges collected from the insured debtors.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.1131.htm
- Text hash
- sha256 3db637fb39f45b1c5335a89925808c531615e651f89318421e029fdccd4e6ce8
- 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
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.