§ 13-105
156 words·~1 min read·
/md/insurance/13-105A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§13–105.
Credit life insurance, credit health insurance, and credit involuntary unemployment benefit insurance shall be issued only in the following forms:
(1)an individual policy of life insurance issued to a debtor on a term plan;
(2)an individual policy of health insurance issued to a debtor on a term plan;
(3)a disability benefit provision in an individual policy of credit life insurance;
(4)an individual policy of involuntary unemployment benefit insurance issued to a debtor on a term plan;
(5)a group policy of life insurance issued to a creditor that provides insurance on the lives of debtors on the term plan;
(6)a group policy of health insurance issued to a creditor on a term plan that insures debtors;
(7)a disability benefit provision in a group policy of credit life insurance; or
(8)a group policy of involuntary unemployment benefit insurance issued to a creditor on a term plan that insures debtors.