(a) As additional protection for the contract or agreement, a holder may:
(1) request or require a retail buyer to provide credit life insurance and credit health and accident insurance; and
(2) request or allow a retail buyer to provide credit involuntary unemployment insurance.
(b) A holder may include the cost of insurance provided under Subsection (a) as a separate charge in the contract or agreement.
Official text of the Texas Finance Code as published by the Texas Legislative Council.