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TITLE 28 | INSURANCE |
PART 1 | TEXAS DEPARTMENT OF INSURANCE |
CHAPTER 5 | PROPERTY AND CASUALTY INSURANCE |
SUBCHAPTER F | INLAND MARINE INSURANCE, MULTI-PERIL INSURANCE, AND COMMERCIAL LINES |
DIVISION 1 | INLAND MARINE INSURANCE |
RULE §5.5007 | Inland Marine Insurance -- Commercial Credit Property Insurance |
Commercial credit property insurance (non-filed). These policies provide property coverage for commercial credit transactions involving installment sales, leased property, and deferred payment contracts. The policies cover the interest of a vendor or mortgagee in property sold in a commercial transaction under an installment sales contract, or a partial or deferred payment contract, and the interest of a lessor in leased property. |
Source Note: The provisions of this §5.5007 adopted to be effective June 4, 2023, 48 TexReg 2723 |