Tex. Ins. Code § 651.109 · Subchapter C. REGULATION OF INSURANCE PREMIUM FINANCE COMPANIES AND OTHERS
LIMITATIONS ON RATES AND CHARGES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) An insurance premium finance company may not take or receive from an insured a greater rate or charge than is authorized by Chapter 342, Finance Code.
(b) For purposes of this section, a charge begins on the earlier of:
(1) the date from which the insurer requires payment of the premium and payment was made to the insurer for the financed policy; or
(2) the effective date of the policy.
(c) The finance charge is computed on the balance of the premiums due after subtracting any down payment made by the insured in accordance with the premium finance agreement.
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.651.htm
- Text hash
- sha256 377f24e9a17ec70b07973d9297a0361b8d7417a82beceeaca68a0b43971435f5
- 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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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.