2005 Texas Insurance Code CHAPTER 3501. CREDIT INVOLUNTARY UNEMPLOYMENT INSURANCE

INSURANCE CODE

TITLE 12. OTHER COVERAGE

CHAPTER 3501. CREDIT INVOLUNTARY UNEMPLOYMENT INSURANCE


	§ 3501.001. DEFINITIONS.  In this chapter, "credit 
involuntary unemployment insurance" means insurance that 
indemnifies a debtor for installment or other periodic payments on 
an indebtedness while the debtor is involuntarily unemployed.  The 
term includes policy forms and endorsements that define involuntary 
unemployment to provide coverage and a premium charge for 
interruption or reduction of a debtor's income during periods of 
leave, whether paid or unpaid, authorized by the federal Family and 
Medical Leave Act of 1993 (29 U.S.C. Section 2601 et seq.), as 
amended, or other state or federal law.

Added by Acts 2005, 79th Leg., ch. 727, § 3, eff. April 1, 2007.           


	§ 3501.002. AUTHORIZATION.  (a) Any insurer authorized to 
write any form of casualty insurance in this state may also write 
group or individual credit involuntary unemployment insurance.
	(b)  Credit involuntary unemployment insurance may be 
written alone or in conjunction with credit life insurance, credit 
accident and health insurance, or both, in a policy issued by an 
authorized insurer.
	(c)  Credit involuntary unemployment insurance may not be 
written in contravention of Chapter 15, Business & Commerce Code.

Added by Acts 2005, 79th Leg., ch. 727, § 3, eff. April 1, 2007.           


	§ 3501.003. RATES AND FORMS.  Rates and forms for credit 
involuntary unemployment insurance must be set and filed in 
accordance with Chapters 2251 and 2301 and Article 5.13-2.

Added by Acts 2005, 79th Leg., ch. 727, § 3, eff. April 1, 2007.