385.025. Credit life and accident insurance, form in which it shall be issued.
Credit life and accident insurance, form in which it shall be issued.
385.025. Credit life insurance and credit accident andsickness insurance shall be issued only in the following forms:
(1) Individual policies of life insurance issued to debtorson a term plan;
(2) Individual policies of accident and sickness insuranceissued to debtors on a term plan or disability benefit provisionsin individual policies of credit life insurance;
(3) Group policies of life insurance issued to creditorsproviding insurance upon the lives of debtors on the term plan;
(4) Group policies of accident and sickness insurance issuedto creditors on a term plan insuring debtors or disabilitybenefit provisions in group credit life insurance policies toprovide such coverage.
(L. 1977 H.B. 610 § 4)