Texas Education Code - Section 52.37. Insurance
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§ 52.37. INSURANCE. The board may contract with any
insurance company or companies licensed to do business in Texas for
insurance on the life of any student borrower in an amount
sufficient to retire the principal and interest owed under a loan
made under the provisions of this chapter. The cost of the
insurance shall be paid by the student borrower. No contract for
insurance as provided for in this section may be approved except by
the board during a regular meeting attended by a quorum of the total
board membership.
Acts 1971, 62nd Leg., p. 3072, ch. 1024, art. 1, § 1, eff. Sept.
1, 1971.
Section: 52.31 52.32 52.321 52.33 52.34 52.35 52.36 52.37 52.38 52.39 52.40 52.41 52.501 52.51 52.52
Last modified: August 10, 2007
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