§ 3124. Information to debtors.
61 words·~1 min read·
/de/title-18/chapter-31-group-life-insurance/3124·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In the case of a policy insuring the lives of debtors, such a group life insurance policy shall contain a provision that the insurer will furnish to the policyholder for delivery to each debtor insured under the policy a certificate of insurance describing the coverage and specifying that the death benefit shall first be applied to reduce or extinguish the indebtedness.