No plan or arrangement shall be used with respect to credit life or credit health insurance whereby any person other than the insurer or its designated claim representative shall be authorized to settle or adjust claims. The creditor shall not be designated as claim representative for the insurer in adjusting claims, except that a group policyholder may, by arrangement with the group insurer, draw drafts or checks in payment of claims due to the group policyholder subject to audit and review by the insurer. [Formerly 741.455; 1989 c.701 §52]
Section: Previous 744.545 744.550 744.555 744.560 744.565 744.566 744.570 744.575 744.580 744.590 744.600 744.605 744.609 744.610 744.615 NextLast modified: August 7, 2008