Written agreement to charges - Contents of contract

In the event time-price differential charges are made pursuant to this part, the purchaser of insurance must agree to the charges in writing, and the instrument must contain: (1) The cash price of the insurance policy or bond and the amount of the initial payment, if any; (2) The difference between the two (2), if any; (3) The principal balance owed; (4) The amount of the time-price differential; and (5) The time balance owed by the buyer. Acts 1965, ch. 356, § 3; T.C.A., § 56-716. In the event time-price differential charges are made pursuant to this part, the purchaser of insurance must agree to the charges in writing, and the instrument must contain: (1) The cash price of the insurance policy or bond and the amount of the initial payment, if any; (2) The difference between the two (2), if any; (3) The principal balance owed; (4) The amount of the time-price differential; and (5) The time balance owed by the buyer. Acts 1965, ch. 356, § 3; T.C.A., § 56-716.