Texas § 348.209 REQUIREMENTS FOR INCLUDING INSURANCE COST IN CONTRACT.

Texas Statutes

§ 348.209 — REQUIREMENTS FOR INCLUDING INSURANCE COST IN CONTRACT.

Texas § 348.209

Code FIFinance Code

This text of Texas § 348.209 (REQUIREMENTS FOR INCLUDING INSURANCE COST IN CONTRACT.) 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.

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Tex. Finance Code Code Ann. § 348.209 (2026).

Text

Sec. 348.209. REQUIREMENTS FOR INCLUDING INSURANCE COST IN CONTRACT.

(a)If insurance is included as an itemized charge in a retail installment contract:

(1)the insurance must be written:

(A)at lawful rates;

(B)in accordance with the Insurance Code; and

(C)by a company authorized to do business in this state; and

(2)the disclosure requirements of this section must be satisfied.

(b)If the insurance is described by Section 348.201 , 348.202 , or 348.208 (a), the retail installment contract must identify the:

(1)type of the coverage;

(2)term of the coverage; and

(3)amount of the premium for the coverage.

(c)If the insurance is described by Section 348.208 (a), the retail installment contract must also clearly indicate that the coverage is optional.

(d)If the retail installment cont

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Sec. 348.209. REQUIREMENTS FOR INCLUDING INSURANCE COST IN CONTRACT. (a) If insurance is included as an itemized charge in a retail installment contract:
(1) the insurance must be written:
(A) at lawful rates;
(B) in accordance with the Insurance Code; and
(C) by a company authorized to do business in this state; and
(2) the disclosure requirements of this section must be satisfied.
(b) If the insurance is described by Section 348.201 , 348.202 , or 348.208 (a), the retail installment contract must identify the:
(1) type of the coverage;
(2) term of the coverage; and
(3) amount of the premium for the coverage.
(c) If the insurance is described by Section 348.208 (a), the retail installment contract must also clearly indicate that the coverage is optional.
(d) If the retail installment contract includes a charge described by Section 348.208 (b), the retail installment contract must clearly and conspicuously disclose that the charge is included.