§ 23-83-121 - Delivery of certificate of insurance to insured debtors provision.
23-83-121. Delivery of certificate of insurance to insured debtors provision.
In the case of a policy insuring the lives of debtors, a provision that the insurer will furnish to the policyholder for delivery to each debtor insured under the policy a certificate of insurance describing the coverage and specifying that the death benefit shall first be applied to reduce or extinguish the indebtedness shall be included.