424.201 Definition “consumer credit insurance”.
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/wi/chapter-424/424-201A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
424.201 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 customers of the creditor;
(2)Insurance indemnifying the creditor against loss due to the customer’s default; or
(3)A guaranteed asset protection waiver, as defined in s. 218.0148
(e).