Sec. 345.207.  CHARGES FOR OTHER INSURANCE INCLUDED IN RETAIL INSTALLMENT CONTRACT.  A retail buyer and retail seller may agree in a retail installment contract to include charges for insurance coverage that is:
(1)  for risk of loss or liability reasonably related to:
(A)  the goods or services sold;
(B)  the anticipated use of the goods or services sold;  or
(C)  goods or services that:
(i)  are related to the goods or services sold;  and
(ii)  may be insured with the goods and services sold;
(2)  written on policies or endorsement forms prescribed or approved by the commissioner of insurance;  and
(3)  ordinarily offered in policies or endorsements offered to the public.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.