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Texas Finance Code - FIN § 345.207. Charges for Other Insurance Included in Retail Installment Contract

Current as of January 01, 2024 | Updated by Findlaw Staff

A retail buyer and retail seller may agree in a retail installment contract to include charges for insurance coverage that is:

(1) for risk of loss or liability reasonably related to:

(A) the goods or services sold;

(B) the anticipated use of the goods or services sold; or

(C) goods or services that:

(i) are related to the goods or services sold; and

(ii) may be insured with the goods and services sold;

(2) written on policies or endorsement forms prescribed or approved by the commissioner of insurance; and

(3) ordinarily offered in policies or endorsements offered to the public.

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Cite this article: FindLaw.com - Texas Finance Code - FIN § 345.207. Charges for Other Insurance Included in Retail Installment Contract - last updated January 01, 2024 | https://codes.findlaw.com/tx/finance-code/fin-sect-345-207/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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