Statement For Purchase of Optional Insurance

Sec. 347.205. STATEMENT FOR PURCHASE OF OPTIONAL INSURANCE. (a) A consumer who elects to purchase optional insurance must sign a statement that: (1) indicates the consumer's election; and (2) describes the term, premium, and type of insurance purchased. (b) The statement may be a part of the credit document or a part of a separate document. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.