Tex. Insurance Code § 556.102
INSURANCE SALE WITH LOAN TRANSACTION
Texas · Texas Insurance Code · Status: effective
Cite this
- Citation
- Tex. Insurance Code § 556.102, INSURANCE SALE WITH LOAN TRANSACTION, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/678540
- Permanent ID
ys:prov:678540@1- SHA-256
773414d12f2a0ee6bd533d934b4653fdb683362a30abc9c33a08e41caf14ca05
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) If insurance is offered or sold to a depository institution's customer in connection with a loan transaction by the depository institution, the insurance salesperson involved in that insurance transaction may not be involved in that loan transaction and may not be the person making that loan.
(b) This section does not apply to:
(1) a depository institution that has $40 million or less in total assets, as reported in the most recent Consolidated Report of Condition and Income by the Federal Financial Institutions Examination Council or any successor report required by federal or state law; or
(2) a credit life, credit disability, credit property, or involuntary unemployment insurance product that is:
(A) specifically authorized by this code;
(B) approved for sale in this state; and
(C) sold in connection with a credit transaction.