Texas § 348.201 PROPERTY INSURANCE.

Texas Statutes

§ 348.201 — PROPERTY INSURANCE.

Texas § 348.201

Code FIFinance Code

This text of Texas § 348.201 (PROPERTY 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. § 348.201 (2026).

Text

Sec. 348.201. PROPERTY INSURANCE.

(a)A holder may request or require a retail buyer to insure the motor vehicle purchased under a retail installment transaction and accessories and related goods subject to the holder's security interest.

(b)The insurance and the premiums or charges for the insurance must bear a reasonable relationship to:

(1)the amount, term, and conditions of the retail installment contract; and

(2)the existing hazards or risk of loss, damage, or destruction.

(c)The insurance may not:

(1)cover unusual or exceptional risks; or

(2)provide coverage not ordinarily included in policies issued to the public.

(d)The holder may include the cost of insurance provided under this section as a separate charge in the contract.

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Sec. 348.201. PROPERTY INSURANCE. (a) A holder may request or require a retail buyer to insure the motor vehicle purchased under a retail installment transaction and accessories and related goods subject to the holder's security interest.
(b) The insurance and the premiums or charges for the insurance must bear a reasonable relationship to:
(1) the amount, term, and conditions of the retail installment contract; and
(2) the existing hazards or risk of loss, damage, or destruction.
(c) The insurance may not:
(1) cover unusual or exceptional risks; or
(2) provide coverage not ordinarily included in policies issued to the public.
(d) The holder may include the cost of insurance provided under this section as a separate charge in the contract.