Sec. 345.208. REQUIREMENTS FOR INCLUDING INSURANCE CHARGE IN CONTRACT OR AGREEMENT. (a) For insurance to be included as an itemized charge in a retail installment contract or a retail charge agreement: (1) the insurance must be written: (A) at lawful rates; (B) in accordance with the Insurance Code; and (C) by a company authorized to do business in this state; and (2) the disclosure requirements of this section must be satisfied. (b) If the insurance is described by Section 345.201 , 345.202 , or 345.207 , the retail installment contract or retail charge agreement, or a separate written statement or specimen copy of a certificate or policy of insurance that is given to the retail buyer, must identify the: (1) type of the coverage; (2) term of the coverage; and (3) amount of the premium for the coverage. (c) If the insurance is described by Section 345.207 , the retail installment contract must also clearly indicate that the coverage is optional.
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