16a-4-303

Chapter 16a.--CONSUMER CREDIT CODE
Part 3 PROPERTY AND LIABILITY INSURANCE
Article 4.--INSURANCE

      16a-4-303.   (UCCC) Liability insurance.A creditor may not contract for or receive a separate charge forinsurance against liability unless the insurance covers a substantial riskof liability arising out of the ownership or use of property related to thecredit transaction.

      History:   L. 1973, ch. 85, § 78; Jan. 1, 1974.