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. 651.167. EFFECT OF LICENSE REVOCATION, SUSPENSION, OR SURRENDER ON PREMIUM FINANCE AGREEMENT
Latest version.
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The revocation, suspension, or surrender of a license does not affect the obligation of an insured under a lawful premium finance agreement previously acquired or held by the person whose license was revoked, suspended, or surrendered.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.