Texas § 1153.155 LIMITS ON AMOUNT OF CREDIT LIFE INSURANCE.

Texas Statutes

§ 1153.155 — LIMITS ON AMOUNT OF CREDIT LIFE INSURANCE.

Texas § 1153.155

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This text of Texas § 1153.155 (LIMITS ON AMOUNT OF CREDIT LIFE 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. Insurance Code Code Ann. § 1153.155 (2026).

Text

Sec. 1153.155. LIMITS ON AMOUNT OF CREDIT LIFE INSURANCE.

(a)The initial amount of credit life insurance on a debtor may not exceed the total amount of debt repayable under the contract that evidences the credit transaction.

(b)If the debt is repayable in substantially equal installments, the amount of insurance may not at any time exceed the greater of the scheduled or actual unpaid amount of the debt under the contract.

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Sec. 1153.155. LIMITS ON AMOUNT OF CREDIT LIFE INSURANCE. (a) The initial amount of credit life insurance on a debtor may not exceed the total amount of debt repayable under the contract that evidences the credit transaction.
(b) If the debt is repayable in substantially equal installments, the amount of insurance may not at any time exceed the greater of the scheduled or actual unpaid amount of the debt under the contract.