Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 5. PROTECTION OF CONSUMER INTERESTS |
Subtitle E. PREMIUM FINANCING |
Chapter 651. FINANCING OF INSURANCE PREMIUMS |
Subchapter D. PREMIUM FINANCE AGREEMENTS |
Sec. 651.159. DEFAULT CHARGE
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A premium finance agreement may provide for the payment of a default charge by the insured as provided by Section 342.203, Finance Code, this code, or a rule adopted under those statutes.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.