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Tex. Finance Code § 353.204

INSURANCE STATEMENT

Texas · Texas Finance Code · Status: effective

Banking, Finance & Insurance
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Tex. Finance Code § 353.204, INSURANCE STATEMENT, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/647785
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(a) If insurance is required in connection with a retail installment contract, the holder shall give to the retail buyer a written statement that clearly and conspicuously states that: (1) insurance is required in connection with the contract; and (2) the buyer as an option may furnish the required insurance through: (A) an existing policy of insurance owned or controlled by the buyer; or (B) an insurance policy obtained through an insurance company authorized to do business in this state. (b) A statement under Subsection (a) may be provided with or as part of the retail installment contract or separately.