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 for
insurance against liability unless the insurance covers a substantial risk
of liability arising out of the ownership or use of property related to the
credit transaction.

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