Tex. Ins. Code § 1153.052 · Subchapter B. FORMS
REQUIREMENTS RELATING TO INSURANCE POLICY OR CERTIFICATE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A policy or certificate of credit life insurance or credit accident and health insurance must:
(1) specify:
(A) the name and home office address of the insurer;
(B) the name of each debtor;
(C) in the case of a certificate under a group policy, the identity, by name or otherwise, of each insured;
(D) the full amount of premium or the total identifiable insurance charge, if any, to the debtor, separately for credit life insurance and credit accident and health insurance; and
(E) each exception or limitation to or restriction on the coverage;
(2) describe the coverage, including the amount and term of the coverage; and
(3) state that the benefits are to be paid to the creditor to reduce or extinguish the unpaid amount of the debt and that any amount of benefits that exceeds the unpaid debt is to be paid to a beneficiary, other than the creditor, named by the debtor or to the debtor's estate.
(b) The requirements of this section are in addition to the other requirements of law.
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.1153.htm
- Text hash
- sha256 0ce92e6bd0707aea82d2643aac8fdf1563c67b2978b6c9934560153d4c79169d
- 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
Cited by 1 provision
Provisions in this library whose text cites Tex. Ins. Code § 1153.052. 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.