§ 48.34.050. Life -- Limitation on amount under individual policy
The initial amount of credit life insurance under an individual policy shall not exceed the total amount repayable under the contract of indebtedness. 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.
[1961 c 219 § 5.]
Sections: Previous 48.34.010 48.34.020 48.34.030 48.34.040 48.34.050 48.34.060 48.34.070 48.34.080 48.34.090 48.34.100 48.34.110 48.34.120 48.34.900 NextLast modified: April 7, 2009