31A-22-803. Forms of insurance permitted.
108 words·~1 min read·
/ut/title-31a/chapter-22/31a-22-803A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
31A-22-803. Forms of insurance permitted.
Credit life insurance and credit accident and health insurance may be issued only in the following forms:
(1)individual policies of term life insurance issued to debtors;
(2)individual policies of term accident and health insurance issued to debtors, or accident and health benefit provisions in individual policies of credit life insurance;
(3)group policies of term life insurance issued to creditors, providing insurance upon the lives of debtors;
(4)group policies of term accident and health insurance issued to creditors insuring debtors, or accident and health benefit provisions in group credit life insurance policies.
Amended by Chapter 116 , 2001 General Session