- (a) The total amount of indemnity payable by credit accident and health insurance may not exceed the total amount of debt repayable under the contract that evidences the credit transaction.
- (b) The amount of a periodic indemnity payment may not exceed the scheduled periodic installment payment on the debt.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.