Texas § IN.1153.007 - GAIN OR ADVANTAGE FROM INSURANCE NOT PROHIBITED CHARGE
Full text of Texas The Texas Constitution § IN.1153.007 — GAIN OR ADVANTAGE FROM INSURANCE NOT PROHIBITED CHARGE, with citation guidance and answers to common questions.
§ IN.1153.007. GAIN OR ADVANTAGE FROM INSURANCE NOT PROHIBITED CHARGE
GAIN OR ADVANTAGE FROM INSURANCE NOT PROHIBITED CHARGE. (a) The premium or cost of credit life insurance or credit accident and health insurance authorized under this chapter is not considered to be interest, a charge, consideration, or an amount in excess of permitted charges in connection with the underlying credit transaction. (b) Any benefit, return, or other gain or advantage to the creditor arising out of the sale or provision of the insurance under this chapter is not a violation of any law of this state. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003. SUBCHAPTER B. FORMS
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § IN.1153.007
What does The Texas Constitution § IN.1153.007 cover?
Section IN.1153.007 ("GAIN OR ADVANTAGE FROM INSURANCE NOT PROHIBITED CHARGE") 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 § IN.1153.007?
A common citation format is "The Texas Constitution § IN.1153.007" (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 § IN.1153.007 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.