State Codes and Statutes
Statutes > Texas > Insurance-code > Title-12-other-coverage > Chapter-3501-credit-involuntary-unemployment-insurance
INSURANCE CODE
TITLE 12. OTHER COVERAGE
CHAPTER 3501. CREDIT INVOLUNTARY UNEMPLOYMENT INSURANCE
Sec. 3501.001. DEFINITION. In this chapter, "credit involuntary
unemployment insurance" means insurance that indemnifies a debtor
for installment or other periodic payments on an indebtedness
while the debtor is involuntarily unemployed. The term includes
policy forms and endorsements that define involuntary
unemployment to provide coverage and a premium charge for
interruption or reduction of a debtor's income during periods of
leave, whether paid or unpaid, authorized by the federal Family
and Medical Leave Act of 1993 (29 U.S.C. Section 2601 et seq.),
as amended, or other state or federal law.
Added by Acts 2005, 79th Leg., Ch.
727, Sec. 3, eff. April 1, 2007.
Sec. 3501.002. AUTHORIZATION. (a) Any insurer authorized to
write any form of casualty insurance in this state may also write
group or individual credit involuntary unemployment insurance.
(b) Credit involuntary unemployment insurance may be written
alone or in conjunction with credit life insurance, credit
accident and health insurance, or both, in a policy issued by an
authorized insurer.
(c) Credit involuntary unemployment insurance may not be written
in contravention of Chapter 15, Business & Commerce Code.
Added by Acts 2005, 79th Leg., Ch.
727, Sec. 3, eff. April 1, 2007.
Sec. 3501.003. RATES AND FORMS. Rates and forms for credit
involuntary unemployment insurance must be set and filed in
accordance with Chapters 2251 and 2301 and Article 5.13-2.
Added by Acts 2005, 79th Leg., Ch.
727, Sec. 3, eff. April 1, 2007.
State Codes and Statutes
Statutes > Texas > Insurance-code > Title-12-other-coverage > Chapter-3501-credit-involuntary-unemployment-insurance
INSURANCE CODE
TITLE 12. OTHER COVERAGE
CHAPTER 3501. CREDIT INVOLUNTARY UNEMPLOYMENT INSURANCE
Sec. 3501.001. DEFINITION. In this chapter, "credit involuntary
unemployment insurance" means insurance that indemnifies a debtor
for installment or other periodic payments on an indebtedness
while the debtor is involuntarily unemployed. The term includes
policy forms and endorsements that define involuntary
unemployment to provide coverage and a premium charge for
interruption or reduction of a debtor's income during periods of
leave, whether paid or unpaid, authorized by the federal Family
and Medical Leave Act of 1993 (29 U.S.C. Section 2601 et seq.),
as amended, or other state or federal law.
Added by Acts 2005, 79th Leg., Ch.
727, Sec. 3, eff. April 1, 2007.
Sec. 3501.002. AUTHORIZATION. (a) Any insurer authorized to
write any form of casualty insurance in this state may also write
group or individual credit involuntary unemployment insurance.
(b) Credit involuntary unemployment insurance may be written
alone or in conjunction with credit life insurance, credit
accident and health insurance, or both, in a policy issued by an
authorized insurer.
(c) Credit involuntary unemployment insurance may not be written
in contravention of Chapter 15, Business & Commerce Code.
Added by Acts 2005, 79th Leg., Ch.
727, Sec. 3, eff. April 1, 2007.
Sec. 3501.003. RATES AND FORMS. Rates and forms for credit
involuntary unemployment insurance must be set and filed in
accordance with Chapters 2251 and 2301 and Article 5.13-2.
Added by Acts 2005, 79th Leg., Ch.
727, Sec. 3, eff. April 1, 2007.
State Codes and Statutes
Statutes >
Texas >
Insurance-code >
Title-12-other-coverage >
Chapter-3501-credit-involuntary-unemployment-insurance INSURANCE CODE
TITLE 12. OTHER COVERAGE
CHAPTER 3501. CREDIT INVOLUNTARY UNEMPLOYMENT INSURANCE
Sec. 3501.001. DEFINITION. In this chapter, "credit involuntary
unemployment insurance" means insurance that indemnifies a debtor
for installment or other periodic payments on an indebtedness
while the debtor is involuntarily unemployed. The term includes
policy forms and endorsements that define involuntary
unemployment to provide coverage and a premium charge for
interruption or reduction of a debtor's income during periods of
leave, whether paid or unpaid, authorized by the federal Family
and Medical Leave Act of 1993 (29 U.S.C. Section 2601 et seq.),
as amended, or other state or federal law.
Added by Acts 2005, 79th Leg., Ch.
727, Sec. 3, eff. April 1, 2007.
Sec. 3501.002. AUTHORIZATION. (a) Any insurer authorized to
write any form of casualty insurance in this state may also write
group or individual credit involuntary unemployment insurance.
(b) Credit involuntary unemployment insurance may be written
alone or in conjunction with credit life insurance, credit
accident and health insurance, or both, in a policy issued by an
authorized insurer.
(c) Credit involuntary unemployment insurance may not be written
in contravention of Chapter 15, Business & Commerce Code.
Added by Acts 2005, 79th Leg., Ch.
727, Sec. 3, eff. April 1, 2007.
Sec. 3501.003. RATES AND FORMS. Rates and forms for credit
involuntary unemployment insurance must be set and filed in
accordance with Chapters 2251 and 2301 and Article 5.13-2.
Added by Acts 2005, 79th Leg., Ch.
727, Sec. 3, eff. April 1, 2007.
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