Credit life insurance and credit accident and sickness 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 accident and sickness insurance issued to debtors on a term plan or disability provisions in individual policies of credit life insurance;
(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 accident and sickness insurance issued to creditors on a term plan insuring debtors or disability provisions in group life policies to provide the coverage.
Section: Previous 33-31-1 33-31-2 33-31-3 33-31-4 33-31-5 33-31-6 33-31-7 33-31-8 33-31-9 33-31-10 33-31-11 33-31-12 NextLast modified: October 14, 2016