Section 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. 9/1/1997.