Section 353.201 - Property Insurance(a) A holder may require a retail buyer to insure the commercial vehicle purchased under a retail installment transaction and accessories and related goods subject to the holder's security interest.(b) The holder may offer to provide insurance on a commercial vehicle purchased under a retail installment transaction and accessories and related goods subject to the holder's security interest, regardless of whether the holder requires a retail buyer to insure the commercial vehicle.(c) The insurance required by the holder, and the premiums or charges for any insurance that is provided by the holder, must bear a reasonable relationship to:(1) the amount, term, and conditions of the retail installment contract; and(2) the existing hazards or risk of loss, damage, or destruction.(d) Any insurance under this section may not: (1) cover unusual or exceptional risks; or(2) provide coverage not ordinarily included in policies issued to the public or for commercial purposes.(e) The holder may include the cost of the insurance as a separate charge in the contract.Added by Acts 2011, 82nd Leg., R.S., Ch. 117, Sec. 17, eff. 9/1/2011.