Sec. 347.206.  REQUIREMENTS FOR INSURANCE CHARGE IN CREDIT TRANSACTION.  Insurance required by or included in a credit transaction 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.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.