Texas Finance Code 348.210 – Delivery of Insurance Document to Buyer
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Terms Used In Texas Finance Code 348.210
- Contract: A legal written agreement that becomes binding when signed.
- Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005
A holder who purchases dual interest insurance on the motor vehicle shall within a reasonable time after execution of the retail installment contract send or cause to be sent to the retail buyer a policy or certificate of insurance written by an insurance company authorized to do business in this state that clearly sets forth:
(1) the amount of the premium;
(2) the kind of insurance provided;
(3) the coverage of the insurance; and
(4) all terms, including options, limitations, restrictions, and conditions, of the policy.