Indiana Code 24-4.5-4-303. Liability insurance
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Terms Used In Indiana Code 24-4.5-4-303
- Contract: A legal written agreement that becomes binding when signed.
- Property: includes personal and real property. See Indiana Code 1-1-4-5
Sec. 303. Liability Insurance — A creditor may not contract for or receive a separate charge for insurance against liability unless the insurance covers a substantial risk of liability arising out of the ownership or use of property related to the credit transaction.
Formerly: Acts 1971, P.L.366, SEC.5.