33-1-216. Involuntary unemployment insurance.
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/mt/title-33/chapter-1/part-2/33-1-216·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
33-1-216 . Involuntary unemployment insurance.
(1)Involuntary unemployment insurance means insurance providing the insured borrower with coverage for consumer credit replacement obligations for a period or periods during which the borrower is involuntarily unemployed. Involuntary unemployment insurance must at least provide benefits for the loss of employment income caused by individual or mass layoff, a general strike, termination by an employer, a dispute involving organized labor, and a lockout.
(2)Involuntary unemployment insurance is a type of casualty insurance provided for in 33-1-206 .