70C-6-107. Existing insurance -- Choice of insurer.
If a creditor requires insurance, upon notice to the creditor the debtor may provide therequired insurance through an existing policy of insurance owned or controlled by the debtor, orthrough a policy to be obtained and paid for by the debtor, but the creditor may for reasonablecause decline the insurance provided by the debtor.

Enacted by Chapter 159, 1985 General Session