Sec. 21.57.020. Applicability.

122 words·~1 min read·/ak/title-21/chapter-57/21-57-020

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Consumer credit insurance transacted in connection with a credit transaction for a personal, household, or family purpose is subject to the provisions of this chapter except

(1)insurance written in connection with a credit transaction that is

(A)secured by a first mortgage or first deed of trust; and

(B)made to finance the purchase of real property, the construction of a dwelling, or to refinance a prior credit transaction made for that purpose;

(2)an isolated insurance transaction by the insurer not related to an agreement or a plan for insuring debtors of the creditor;

(3)insurance for which no identifiable charge is made to the debtor; or

(4)a loan or other credit transaction that exceeds $30,000.