Texas § 347.202 STATEMENT OF REQUIRED INSURANCE.

Texas Statutes

§ 347.202 — STATEMENT OF REQUIRED INSURANCE.

Texas § 347.202

Code FIFinance Code

This text of Texas § 347.202 (STATEMENT OF REQUIRED INSURANCE.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Finance Code Code Ann. § 347.202 (2026).

Text

Sec. 347.202. STATEMENT OF REQUIRED INSURANCE.

(a)If insurance is required in connection with a credit transaction, the creditor shall give to the consumer a statement that clearly and conspicuously states that:

(1)insurance is required in connection with the transaction; and

(2)the consumer as an option may obtain and furnish equivalent insurance coverage through an insurance policy obtained from an insurance company authorized to do business in this state subject to the limitations of Section 347.208 .

(b)The statement may be made with or be a part of the credit document.

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 347.202. STATEMENT OF REQUIRED INSURANCE. (a) If insurance is required in connection with a credit transaction, the creditor shall give to the consumer a statement that clearly and conspicuously states that:
(1) insurance is required in connection with the transaction; and
(2) the consumer as an option may obtain and furnish equivalent insurance coverage through an insurance policy obtained from an insurance company authorized to do business in this state subject to the limitations of Section 347.208 .
(b) The statement may be made with or be a part of the credit document.