Sec. 342.402. CREDIT LIFE INSURANCE, CREDIT HEALTH AND ACCIDENT INSURANCE, OR INVOLUNTARY UNEMPLOYMENT INSURANCE. (a) On a loan made under this chapter that is subject to Subchapter E with a cash advance of $100 or more, a lender may: (1) offer a borrower credit life insurance and credit health and accident insurance as additional protection for the loan; and (2) offer involuntary unemployment insurance to the borrower at the time the loan is made. (b) A lender may not require that the borrower accept or provide the insurance described by Subsection (a). (c) On a secondary mortgage loan made under this chapter, a lender may require that a borrower provide credit life insurance and credit accident and health insurance as additional protection for the loan.
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