§ 63.14.140. Retail installment contracts, retail charge agreements, and lender credit card agreements -- Insurance
If the cost of any insurance is included in the retail installment contract, retail charge agreement, or lender credit card agreement:
(1) The contract or agreement shall state the nature, purpose, term, and amount of such insurance, and in connection with the sale of a motor vehicle, the contract shall state that the insurance coverage ordered under the terms of this contract does not include "bodily injury liability," "public liability," and "property damage liability" coverage, where such coverage is in fact not included;
(2) The contract or agreement shall state whether the insurance is to be procured by the buyer or the seller;
(3) The amount, included for such insurance, shall not exceed the premiums chargeable in accordance with the rate fixed for such insurance by the insurer, except where the amount is less than one dollar;
(4) If the insurance is to be procured by the seller or holder, he shall, within forty-five days after delivery of the goods or furnishing of the services under the contract, deliver, mail or cause to be mailed to the buyer, at his or her address as specified in the contract, a notice thereof or a copy of the policy or policies of insurance or a certificate or certificates of the insurance so procured.
[1984 c 280 § 6; 1963 c 236 § 14.]
Sections: Previous 63.14.100 63.14.110 63.14.120 63.14.123 63.14.125 63.14.130 63.14.136 63.14.140 63.14.145 63.14.150 63.14.151 63.14.152 63.14.154 63.14.156 63.14.158 NextLast modified: April 7, 2009