Texas § FI.345.204 - INSURANCE STATEMENT
Full text of Texas The Texas Constitution § FI.345.204 — INSURANCE STATEMENT, with citation guidance and answers to common questions.
§ FI.345.204. INSURANCE STATEMENT
INSURANCE STATEMENT. (a) If insurance is required in connection with a retail installment contract or retail charge agreement, the holder shall give to the retail buyer a statement that clearly and conspicuously states that: (1) insurance is required in connection with the contract or agreement; and (2) the buyer as an option may furnish the insurance through: (A) an existing policy of insurance owned or controlled by the buyer; or (B) an insurance policy obtained from an insurance company authorized to do business in this state. (b) If requested or required insurance is sold or obtained by the holder and the retail installment contract or retail charge agreement includes a premium or rate of charge that is not fixed or approved by the commissioner of insurance, the holder shall deliver or mail to the retail buyer a written statement that includes that fact. (c) A statement under Subsection (a) or (b) may be provided with or as part of the retail installment contract or the retail charge agreement, as appropriate, or separately. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Frequently Asked Questions About Texas § FI.345.204
What does The Texas Constitution § FI.345.204 cover?
Section FI.345.204 ("INSURANCE STATEMENT") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § FI.345.204?
A common citation format is "The Texas Constitution § FI.345.204" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § FI.345.204 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.