Tex. Ins. Code § 1153.151

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 1153.151 - Forms of Credit Life Insurance

Credit life insurance may be issued only as:

(1) an individual policy of life insurance issued to a debtor on a term plan; or

(2) a group policy of life insurance issued to a creditor on a term plan providing insurance on the lives of debtors.

Tex. Ins. Code § 1153.151

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. 6/1/2003.