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Code · Utah · Title 70C — Utah Consumer Credit Code · Chapter 6

70C-6-102. Definition -- Consumer credit insurance.

82 words·~1 min read·/ut/title-70c/chapter-6/70c-6-102

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70C-6-102. Definition -- Consumer credit insurance.
"Consumer credit insurance" means insurance, other than insurance on property, by which the satisfaction of debt in whole or in part is a benefit provided, but does not include:
(1)insurance issued as an isolated transaction on the part of the insurer not related to an agreement or plan for insuring debtors of the creditor; or
(2)insurance indemnifying the creditor against loss due to the debtor's default.
Enacted by Chapter 159 , 1985 General Session
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