Tex. Ins. Code § 651.166 · Subchapter D. PREMIUM FINANCE AGREEMENTS
TAKING, RECEIVING, OR CHARGING UNAUTHORIZED AMOUNT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Taking or receiving from an insured or the charging of an insured by an insurance premium finance company of a charge greater than authorized by this chapter does not invalidate:
(1) the premium finance agreement; or
(2) the principal balance payable under the agreement.
(b) An action described by Subsection (a) may be adjudged a forfeiture of all charges that:
(1) are authorized under the premium finance agreement; or
(2) the insured has agreed to pay.
(c) A person who pays an unauthorized charge or the person's legal representative may bring an action against the insurance premium finance company to recover twice the total amount of the charge paid. The action must be brought within two years after the date the unauthorized charge is paid.
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 727ad5b8037a46521f40ccf96ef9e34a108d13198a307267f5c96c8e97d69f2d
- 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
Cited by 1 provision
Provisions in this library whose text cites Tex. Ins. Code § 651.166. Each shows the citation as that text prints it.
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.