1153.202 – REFUND OF INSURANCE CHARGE ON TERMINATION OF
Texas Insurance Code § 1153.202
Summary
This law requires insurance policies to inform debtors that they are entitled to a refund of unearned premiums if the insurance or underlying debt terminates early. It applies to both individual and group policies, ensuring transparency in financial obligations for debtors.
Debtors are entitled to refunds on unearned premiums.
Applies to individual and group insurance policies.
Notice of refund rights must be included in policies.
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In simple terms: Learn about Texas's REFUND OF INSURANCE CHARGE ON TERMINATION OF 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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