1153.158 – DELIVERY OF EVIDENCE OF INSURANCE TO DEBTOR.
Texas Insurance Code § 1153.158
Summary
This law requires that when a debtor incurs a debt with credit insurance, they must receive either the insurance policy or a notice regarding the insurance. This ensures that debtors are informed about their insurance coverage at the time of borrowing. It primarily affects lenders and debtors involved in credit transactions.
Debtors must receive insurance documentation at debt incurrence.
Options include individual policy or notice of proposed insurance.
Ensures transparency in credit insurance transactions.
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In simple terms: Learn about Texas's DELIVERY OF EVIDENCE OF INSURANCE TO DEBTOR. 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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