Tex. Finance Code § 345.207
This is the official text of Tex. Finance Code § 345.207, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 345.207. CHARGES FOR OTHER INSURANCE INCLUDED IN RETAIL INSTALLMENT CONTRACT.
Official statutory text
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.
(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.
Status: in_force · Read it on the official government site
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