17B:29-3 - Forms of credit life insurance and credit health insurance
17B:29-3.Ā Forms of credit life insurance and credit health insurance
Credit life insurance and credit health insurance shall be issued only in the following forms:
a.Ā Individual policies of life insurance issued to debtors on the term plan;
b.Ā Individual policies of health insurance issued to debtors on a term planĀ or disability benefit provisions in individual policies of credit life insurance;
c.Ā Group policies of life insurance issued to creditors providing insuranceĀ upon the lives of debtors on the term plan;
d.Ā Group policies of health insurance issued to creditors on a term plan insuring debtors or disability benefit provisions in group credit life insurance policies to provide such coverage.
L.1971, c. 144, s. 17B:29-3.
Ā
Credit life insurance and credit health insurance shall be issued only in the following forms:
a.Ā Individual policies of life insurance issued to debtors on the term plan;
b.Ā Individual policies of health insurance issued to debtors on a term planĀ or disability benefit provisions in individual policies of credit life insurance;
c.Ā Group policies of life insurance issued to creditors providing insuranceĀ upon the lives of debtors on the term plan;
d.Ā Group policies of health insurance issued to creditors on a term plan insuring debtors or disability benefit provisions in group credit life insurance policies to provide such coverage.
L.1971, c. 144, s. 17B:29-3.
Ā