§ 27-30-11 - Existing insurance – Choice of insurer. [Effective until February 11, 2010.].
SECTION 27-30-11
§ 27-30-11 Existing insurance –Choice of insurer. [Effective until February 11, 2010.]. – When credit life insurance is required as additional security for anyindebtedness, and if the premium for it is the subject of a separate charge tothe debtor, the debtor shall, upon request to the creditor, have the option offurnishing the required amount of insurance through existing policies ofinsurance owned or controlled by him or her or of procuring and furnishing therequired coverage through any insurer authorized to transact an insurancebusiness within this state.