Tex. Ins. Code § 1153.158 · Subchapter D. CREDIT INSURANCE REQUIREMENTS
DELIVERY OF EVIDENCE OF INSURANCE TO DEBTOR.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) At the time a debt for which credit insurance is sold is incurred:
(1) the individual policy or group certificate of insurance, as appropriate, shall be delivered to the debtor; or
(2) a copy of the application for the policy or certificate of insurance or a notice of proposed insurance that satisfies Section 1153.159 shall be delivered to the debtor.
(b) If delivery to the debtor is made under Subsection (a)(2), the insurer shall deliver the individual policy or group certificate of insurance to the debtor on acceptance of the insurance by the insurer and not later than the 45th day after the date the debt is incurred.
(c) If the insurer named in the application or notice under Subsection (a)(2) does not accept the risk, the debtor shall receive a policy or certificate of insurance that specifies the name and home office address of the substituted insurer and the amount of the premium to be charged for the insurance.
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 3e293149053c7aca7c06e92c63665d05a8c815c220b7bcea9d5f061cc1eb341a
- 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
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