Credit life insurance and credit disability insurance shall be issued only in the following forms:
(1) Individual policies of life insurance issued to debtors on the term plan;
(2) Individual policies of disability insurance issued to debtors on a term plan, or disability provisions in individual life policies to provide coverage;
(3) Group policies of life insurance issued to creditors providing insurance upon the lives of debtors on the term plan; and
(4) Group policies of disability insurance issued to creditors on a term plan insuring debtors, or disability provisions in group life policies to provide coverage.
Section: Previous 23-87-102 23-87-103 23-87-104 23-87-105 23-87-106 23-87-107 23-87-108 23-87-109 23-87-110 23-87-111 23-87-112 23-87-113 23-87-114 23-87-115 NextLast modified: November 15, 2016