20-1614. Debtor's option in satisfying security
When consumer credit insurance is required as a condition to a loan or credit transaction or as security for a debt, if so permitted by law, the debtor, upon request to the creditor, shall have the option of satisfying the requirements by furnishing existing policies of insurance in sufficient amount owned or controlled by the debtor or by procuring the necessary coverage from any insurer authorized by the director.
Section: Previous 20-1607 20-1608 20-1609 20-1610 20-1611 20-1612 20-1613 20-1614 20-1615 20-1616 20-1616.01 20-1621 20-1621.01 20-1621.02 20-1621.03 NextLast modified: October 13, 2016