Finance Code § 353.208
If insurance tied to a retail installment contract is canceled, adjusted, or terminated, the holder must either apply the unearned-premium refund to replace required coverage or credit it to the contract; if the refund exceeds the unpaid balance, the holder must pay the difference to the retail buyer. No cash refund is
- Jurisdiction
- United States — Texas
- Instrument
- Code
- Version
- Undated source snapshot
- Language
- en
- Official source
- View official record ↗
Statute overview
About this statute
If insurance tied to a retail installment contract is canceled, adjusted, or terminated, the holder must either apply the unearned-premium refund to replace required coverage or credit it to the contract; if the refund exceeds the unpaid balance, the holder must pay the difference to the retail buyer. No cash refund is required if the refund is under $1.
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Finance Code § 353.208
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