Texas § 1153.161 INSURANCE MAY BE PROVIDED BY DEBTOR.

Texas Statutes

§ 1153.161 — INSURANCE MAY BE PROVIDED BY DEBTOR.

Texas § 1153.161

Code INInsurance Code

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Bluebook

Tex. Insurance Code Code Ann. § 1153.161 (2026).

Text

Sec. 1153.161. INSURANCE MAY BE PROVIDED BY DEBTOR. If credit life insurance or credit accident and health insurance is required as additional security for a debt, the debtor, on request to the creditor, may provide the required amount of insurance through:

(1)an existing insurance policy owned or controlled by the debtor; or

(2)an insurance policy obtained from an insurer authorized to engage in the business of insurance in this state. SUBCHAPTER E. CHARGES, REFUNDS, ADJUSTMENTS, AND CLAIMS

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Sec. 1153.161. INSURANCE MAY BE PROVIDED BY DEBTOR. If credit life insurance or credit accident and health insurance is required as additional security for a debt, the debtor, on request to the creditor, may provide the required amount of insurance through:
(1) an existing insurance policy owned or controlled by the debtor; or
(2) an insurance policy obtained from an insurer authorized to engage in the business of insurance in this state.
SUBCHAPTER E. CHARGES, REFUNDS, ADJUSTMENTS, AND CLAIMS