Tex. Ins. Code § 1131.453 – Payment of Premiums | Midpage

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Texas Statutes

§ 1131.453

Tex. Ins. Code § 1131.453

Payment of Premiums

Effective Jun 1, 2003Added by Acts 2001, 77th Leg., ch. 1419

The policyholder must pay the premium for the policy from:

(1) the creditor's funds;
(2) charges collected from the insured debtors; or
(3) both the creditor's funds and charges collected from the insured debtors.

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