Tex. Ins. Code § 549.052 · Subchapter B. PROHIBITED PRACTICES
REQUIRING POLICY FROM PARTICULAR SOURCE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
A lender may not directly or indirectly require as a condition of the financing or lending of money or the renewal or extension of financing or lending of money that the purchaser or borrower or the successors of the purchaser or borrower obtain an insurance policy or the renewal or extension of an insurance policy covering the property involved in the transaction from or through:
(1) a particular agent, insurer, or other person; or
(2) a particular type or class of agent, insurer, or other person.
Notes and commentary — not statutory text
History
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.549.htm
- Text hash
- sha256 82733012f4dd66c53b0e4a7ab4752bd5aa91d4b65b5816a53be801d0bb8a25e2
- 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.