Section 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. 9/1/1997.