{"data":{"id":"us-tx/tex.-finance-code-353.201","jurisdiction":"us-tx","citation":"Tex. Finance Code § 353.201","heading":"PROPERTY INSURANCE.","body":"(a) A holder may require a retail buyer to insure the commercial vehicle purchased under a retail installment transaction and accessories and related goods subject to the holder's security interest.\n(b) The holder may offer to provide insurance on a commercial vehicle purchased under a retail installment transaction and accessories and related goods subject to the holder's security interest, regardless of whether the holder requires a retail buyer to insure the commercial vehicle.\n(c) The insurance required by the holder, and the premiums or charges for any insurance that is provided by the holder, 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(d) Any insurance under this section may not:\n(1) cover unusual or exceptional risks; or\n(2) provide coverage not ordinarily included in policies issued to the public or for commercial purposes.\n(e) The holder may include the cost of the insurance as a separate charge in the contract.\nAdded by Acts 2011, 82nd Leg., R.S., Ch. 117 (H.B. 2559), Sec. 17, eff. September 1, 2011.","path":["FINANCE CODE","TITLE 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS","SUBTITLE B. LOANS AND FINANCED TRANSACTIONS","CHAPTER 353. COMMERCIAL MOTOR VEHICLE INSTALLMENT SALES","SUBCHAPTER C. INSURANCE"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.353.htm#353.201","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"519abede11da7221a401aa5550abdaec5164d5547ab62911481119b33e2d7192","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-353.122","next":"us-tx/tex.-finance-code-353.202"},"notice":"GroundRules: Original legal text. Not legal advice."}