Texas Finance Code 345.202 – Credit Life, Credit Health and Accident, and Credit Involuntary Unemployment Insurance
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(a) As additional protection for the contract or agreement, a holder may:
(1) request or require a retail buyer to provide credit life insurance and credit health and accident insurance; and
(2) request or allow a retail buyer to provide credit involuntary unemployment insurance.
(b) A holder may include the cost of insurance provided under Subsection (a) as a separate charge in the contract or agreement.
Terms Used In Texas Finance Code 345.202
- Contract: A legal written agreement that becomes binding when signed.