§ 27-58-11 - Insurance in connection with a loan.
SECTION 27-58-11
§ 27-58-11 Insurance in connection with aloan. – (a) If insurance is required as a condition of obtaining a loan, the credit andinsurance transactions shall be completed independently and through separatedocuments.
(b) A loan for premiums on required insurance shall not beincluded in the primary credit without the written consent of the customer.