Assignment of Premium Finance Agreement

Sec. 651.163. ASSIGNMENT OF PREMIUM FINANCE AGREEMENT. Unless the insured has notice of an actual or intended assignment of a premium finance agreement, payment by an insured under the agreement to the last known holder of the agreement is binding on all subsequent holders or assignees. Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.