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Texas Insurance Code - INS § 549.052. Requiring Policy From Particular Source

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

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.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 549.052. Requiring Policy From Particular Source - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-549-052/

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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