Sec. 342.407.  REQUIREMENTS FOR INCLUDING INSURANCE CHARGE IN CONTRACT.  Insurance for which a charge is included in a loan contract must be written:
(1)  at lawful rates;
(2)  in accordance with the Insurance Code;  and
(3)  by a company authorized to do business in this state.
Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999.