Tex. Ins. Code § 1153.161

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

Section 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.

Tex. Ins. Code § 1153.161

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