Sec. 348.201.  PROPERTY INSURANCE.  (a)  A holder may request or require a retail buyer to insure the motor vehicle purchased under a retail installment transaction and accessories and related goods subject to the holder's security interest.
(b)  The insurance and the premiums or charges for the insurance must bear a reasonable relationship to:
(1)  the amount, term, and conditions of the retail installment contract;  and
(2)  the existing hazards or risk of loss, damage, or destruction.
(c)  The insurance may not:
(1)  cover unusual or exceptional risks;  or
(2)  provide coverage not ordinarily included in policies issued to the public.
(d)  The holder may include the cost of insurance provided under this section as a separate charge in the contract.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.