(a) Credit Life Insurance. The amount of credit life insurance shall not exceed the original amount of the indebtedness and any interest included therein.
(b) Credit Disability Insurance. The amount of periodic indemnity payable by credit disability insurance in the event of disability, as defined in the policy, shall not exceed the aggregate of the periodic scheduled unpaid installments of indebtedness and shall not exceed the original indebtedness and any interest included therein divided by the number of periodic installments.
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