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. 651.163. ASSIGNMENT OF PREMIUM FINANCE AGREEMENT
Latest version.
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Unless the insured has notice of an actual or intended assignment of a premium finance agreement, payment by an insured under the agreement to the last known holder of the agreement is binding on all subsequent holders or assignees.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.