Insurance Code § 1153.155
Credit life insurance on a debtor is capped by the debt amount, and if the debt is paid in substantially equal installments, coverage cannot exceed the greater of the scheduled or actual unpaid balance.
- Jurisdiction
- United States — Texas
- Instrument
- Code
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- Undated source snapshot
- Language
- en
- Official source
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credit life insurance credit transactions debt limits
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Insurance Code § 1153.155
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