Statutes > Wisconsin Statutes > Chapter 632. Insurance contracts in specific lines. > 632.97 Application of proceeds of credit insurance policy.

632.97 Application of proceeds of credit insurance policy.

632.97

SUBCHAPTER VIII
MISCELLANEOUS
632.97 Application of proceeds of credit insurance policy. Payment to a creditor of any amounts insured under the terms of a credit insurance policy reduces the debt proportionately. This rule does not apply to an insurance policy on which the debtor pays no part of the premium, directly or indirectly.

632.97 - ANNOT.

History: 1975 c. 375.