31A-22-801 - Scope of part.
31A-22-801. Scope of part.
(1) Except as provided under Subsection (2), all life insurance and accident and healthinsurance in connection with loans or other credit transactions are subject to this part.
(2) (a) Insurance in connection with a loan or other credit transaction of more than 10years duration is not subject to this part, but is subject to other provisions of this title.
(b) Isolated transactions on the part of an insurer that are not related to an agreement orplan for insuring debtors of the creditor are not subject to this part.
Amended by Chapter 116, 2001 General Session