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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 345.207. Charges for Other Insurance Included in Retail Installment Contract
Universal Citation:
TX Fin Code § 345.207 (2025)
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Sec. 345.207. CHARGES FOR OTHER INSURANCE INCLUDED IN RETAIL INSTALLMENT CONTRACT. 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.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
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