Tex. Insurance Code § 1153.160
This is the official text of Tex. Insurance Code § 1153.160, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 1153.160. TERMINATION OF CREDIT INSURANCE.
Official statutory text
(a) The term of credit life insurance or credit accident and health insurance must end not later than the 15th day after the scheduled maturity date of the debt unless the coverage after that date is without additional cost to the debtor.
(b) If the debt is discharged by renewing or refinancing the debt before the scheduled maturity date, the insurance in force must terminate before new insurance may be issued in connection with the renewed or refinanced debt.
(b) If the debt is discharged by renewing or refinancing the debt before the scheduled maturity date, the insurance in force must terminate before new insurance may be issued in connection with the renewed or refinanced debt.
Status: in_force · Read it on the official government site
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