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Code · Wisconsin · Chapter 424 — Consumer transactions — insurance

424.208 Amount of insurance.

62 words·~1 min read·/wi/chapter-424/424-208

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424.208 Amount of insurance.
(1)The initial amount of credit life insurance shall not exceed the total amount repayable under the contract of indebtedness however the indebtedness may be repayable, but in cases where an indebtedness is repayable in substantially equal installments, the amount of insurance shall at no time exceed the scheduled or actual amount of unpaid indebtedness, whichever is greater.
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