Tex. Ins. Code § 1153.156 · Subchapter D. CREDIT INSURANCE REQUIREMENTS
LIMITS ON AMOUNT OF CREDIT ACCIDENT AND HEALTH INSURANCE.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The total amount of indemnity payable by credit accident and health insurance may not exceed the total amount of debt repayable under the contract that evidences the credit transaction.
(b) The amount of a periodic indemnity payment may not exceed the scheduled periodic installment payment on the debt.
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 e4fae297367aa451afd918d3b494d90ebb3ebffbfa90a9641a9fd37ad2807c7d
- 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.