Forms of Credit Accident and Health Insurance

Sec. 1153.152. FORMS OF CREDIT ACCIDENT AND HEALTH INSURANCE. Credit accident and health insurance may be issued only as: (1) an individual policy of accident and health insurance issued to a debtor on a term plan; (2) a disability benefit provision in an individual policy of credit life insurance; (3) a group policy of accident and health insurance issued to a creditor on a term plan insuring debtors; or (4) a disability benefit provision in a group policy of credit life insurance. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.