Tex. Ins. Code § 1153.161 · Subchapter D. CREDIT INSURANCE REQUIREMENTS
INSURANCE MAY BE PROVIDED BY DEBTOR.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
If credit life insurance or credit accident and health insurance is required as additional security for a debt, the debtor, on request to the creditor, may provide the required amount of insurance through:
(1) an existing insurance policy owned or controlled by the debtor; or
(2) an insurance policy obtained from an insurer authorized to engage in the business of insurance in this state.
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 0a6eac99bd321d7653d0bb9d5a24247d3e0e4758487f46fdfa526518b495ac46
- 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.