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2025 Texas Statutes
Finance Code
Title 4 - Regulation of Interest, Loans, and Financed Transactions
Subtitle B - Loans and Financed Transactions
Chapter 345 - Retail Installment Sales
Subchapter E. Insurance
Section 345.202. Credit Life, Credit Health and Accident, and Credit Involuntary Unemployment Insurance
Universal Citation:
TX Fin Code § 345.202 (2025)
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Sec. 345.202. CREDIT LIFE, CREDIT HEALTH AND ACCIDENT, AND CREDIT INVOLUNTARY UNEMPLOYMENT INSURANCE. (a) As additional protection for the contract or agreement, a holder may:
(1) request or require a retail buyer to provide credit life insurance and credit health and accident insurance; and
(2) request or allow a retail buyer to provide credit involuntary unemployment insurance.
(b) A holder may include the cost of insurance provided under Subsection (a) as a separate charge in the contract or agreement.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
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