1131.452 – ELIGIBLE DEBTORS. All individuals who become
Texas Insurance Code § 1131.452
Summary
This law establishes that all individuals who borrow money or purchase property on credit are eligible for insurance coverage under the relevant policy. It ensures that borrowers and purchasers are protected under the terms of their agreements.
Applies to all individuals who borrow or purchase on credit.
Covers agreements for securities, merchandise, or property.
Ensures eligibility for insurance under the policy terms.
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In simple terms: Learn about Texas's ELIGIBLE DEBTORS. All individuals who become law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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