17B:29-3 - Forms of credit life insurance and credit health insurance - New-jersey Statutes

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17B:29-3. 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. Individual policies of life insurance issued to debtors on the term plan;

    b. Individual policies of health insurance issued to debtors on a term plan or disability benefit provisions in individual policies of credit life insurance;

    c. Group policies of life insurance issued to creditors providing insurance upon the lives of debtors on the term plan;

    d. 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.

State Codes and Statutes

Statutes > New-jersey > Title-17b > Section-17b-29 > 17b-29-3

17B:29-3. 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. Individual policies of life insurance issued to debtors on the term plan;

    b. Individual policies of health insurance issued to debtors on a term plan or disability benefit provisions in individual policies of credit life insurance;

    c. Group policies of life insurance issued to creditors providing insurance upon the lives of debtors on the term plan;

    d. 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.

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State Codes and Statutes

Statutes > New-jersey > Title-17b > Section-17b-29 > 17b-29-3

17B:29-3. 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. Individual policies of life insurance issued to debtors on the term plan;

    b. Individual policies of health insurance issued to debtors on a term plan or disability benefit provisions in individual policies of credit life insurance;

    c. Group policies of life insurance issued to creditors providing insurance upon the lives of debtors on the term plan;

    d. 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.