Section 353.204 - Insurance Statement(a) If insurance is required in connection with a retail installment contract, the holder shall give to the retail buyer a written statement that clearly and conspicuously states that:(1) insurance is required in connection with the contract; and(2) the buyer as an option may furnish the required insurance through:(A) an existing policy of insurance owned or controlled by the buyer; or(B) an insurance policy obtained through an insurance company authorized to do business in this state.(b) A statement under Subsection (a) may be provided with or as part of the retail installment contract or separately.Added by Acts 2011, 82nd Leg., R.S., Ch. 117, Sec. 17, eff. 9/1/2011.