Credit life insurance and credit accident and health insurance shall be issued only in the following forms:
(A) Individual policies of life insurance issued to debtors on the term plan;
(B) Individual policies of accident and health insurance issued to debtors on a term plan including individual policies issued on a franchise plan, as defined in section 3923.11 of the Revised Code, or disability benefit provisions in individual policies of credit life insurance;
(C) Group policies of life insurance issued to creditors providing insurance upon the lives of debtors on the term plan;
(D) Group policies of accident and health insurance issued to creditors on a term plan insuring debtors or disability benefit provisions in group credit life insurance policies to provide such coverage.
Effective Date: 01-01-1960
Section: Previous 3918.01 3918.02 3918.03 3918.04 3918.05 3918.06 3918.07 3918.08 3918.09 3918.10 3918.11 3918.12 3918.13 3918.99 NextLast modified: October 10, 2016