Texas § 1153.007 GAIN OR ADVANTAGE FROM INSURANCE NOT PROHIBITED CHARGE.

Texas Statutes

§ 1153.007 — GAIN OR ADVANTAGE FROM INSURANCE NOT PROHIBITED CHARGE.

Texas § 1153.007

Code INInsurance Code

This text of Texas § 1153.007 (GAIN OR ADVANTAGE FROM INSURANCE NOT PROHIBITED CHARGE.) 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. Insurance Code Code Ann. § 1153.007 (2026).

Text

Sec. 1153.007. GAIN OR ADVANTAGE FROM INSURANCE NOT PROHIBITED CHARGE.

(a)The premium or cost of credit life insurance or credit accident and health insurance authorized under this chapter is not considered to be interest, a charge, consideration, or an amount in excess of permitted charges in connection with the underlying credit transaction.

(b)Any benefit, return, or other gain or advantage to the creditor arising out of the sale or provision of the insurance under this chapter is not a violation of any law of this state. SUBCHAPTER B. FORMS

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Sec. 1153.007. GAIN OR ADVANTAGE FROM INSURANCE NOT PROHIBITED CHARGE. (a) The premium or cost of credit life insurance or credit accident and health insurance authorized under this chapter is not considered to be interest, a charge, consideration, or an amount in excess of permitted charges in connection with the underlying credit transaction.
(b) Any benefit, return, or other gain or advantage to the creditor arising out of the sale or provision of the insurance under this chapter is not a violation of any law of this state.
SUBCHAPTER B. FORMS