{"data":{"id":"us-tx/tex.-finance-code-348.201","jurisdiction":"us-tx","citation":"Tex. Finance Code § 348.201","heading":"PROPERTY INSURANCE.","body":"(a) A holder may request or require a retail buyer to insure the motor vehicle purchased under a retail installment transaction and accessories and related goods subject to the holder's security interest.\n(b) The insurance and the premiums or charges for the insurance must bear a reasonable relationship to:\n(1) the amount, term, and conditions of the retail installment contract; and\n(2) the existing hazards or risk of loss, damage, or destruction.\n(c) The insurance may not:\n(1) cover unusual or exceptional risks; or\n(2) provide coverage not ordinarily included in policies issued to the public.\n(d) The holder may include the cost of insurance provided under this section as a separate charge in the contract.\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.","path":["FINANCE CODE","TITLE 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS","SUBTITLE B. LOANS AND FINANCED TRANSACTIONS","CHAPTER 348. MOTOR VEHICLE INSTALLMENT SALES","SUBCHAPTER C. INSURANCE"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.348.htm#348.201","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"86411c5bd2820a68a7febddd8a68e487127be3c5bdd2c29dfbd873cc3998e228","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-348.125","next":"us-tx/tex.-finance-code-348.202"},"notice":"GroundRules: Original legal text. Not legal advice."}