16a-4-302.   (UCCC) Insurance on creditor's interest only.If a creditor contracts for or receives a separate charge for insuranceagainst loss of or damage to property, the risk of loss or damage notwillfully caused by the consumer is on the consumer only to the extent ofany deficiency in the effective coverage of the insurance, even though theinsurance covers only the interest of the creditor.

      History:   L. 1973, ch. 85, § 77; Jan. 1, 1974.