State Codes and Statutes

Statutes > Utah > Title-70c > Chapter-06 > 70c-6-102

70C-6-102. Definition -- Consumer credit insurance.
"Consumer credit insurance" means insurance, other than insurance on property, by whichthe satisfaction of debt in whole or in part is a benefit provided, but does not include:
(1) insurance issued as an isolated transaction on the part of the insurer not related to anagreement or plan for insuring debtors of the creditor; or
(2) insurance indemnifying the creditor against loss due to the debtor's default.

Enacted by Chapter 159, 1985 General Session