{"data":{"id":"us-tx/tex.-insurance-code-1153.155","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 1153.155","heading":"LIMITS ON AMOUNT OF CREDIT LIFE INSURANCE.","body":"(a) The initial amount of credit life insurance on a debtor may not exceed the total amount of debt repayable under the contract that evidences the credit transaction.\n(b) If the debt is repayable in substantially equal installments, the amount of insurance may not at any time exceed the greater of the scheduled or actual unpaid amount of the debt under the contract.\nAdded by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.","path":["INSURANCE CODE","TITLE 7. LIFE INSURANCE AND ANNUITIES","SUBTITLE C. SPECIALIZED COVERAGES","CHAPTER 1153. CREDIT LIFE INSURANCE AND CREDIT ACCIDENT AND HEALTH INSURANCE","SUBCHAPTER D. CREDIT INSURANCE REQUIREMENTS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.1153.htm#1153.155","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"41129f87964d4a659596159bc402d91d885ce3bf6b208c901d2049e4f5386e2f","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-1153.154","next":"us-tx/tex.-insurance-code-1153.156"},"notice":"GroundRules: Original legal text. Not legal advice."}